Eligibility : Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies
Minimum Balance: Rs. 5000/- and further rise in multiples of Rs. 100/-
Rate Of Interest: { CURRENT INTEREST RATES }
Special Features/Facilities: TDS applicable Form 15H/15G required to be submitted for exemption of TDS. If you are exempt from paying tax, you need to present Form 15H when you open a Fixed Deposit and subsequently at the beginning of the following financial year.
Charges / Penalty: In case of payment before maturity Interest upto 30 days will be Nil Above 30 days : 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank.( @ Simple Interest)
Account closure : As above, if payment is before maturity .
RATE OF INTEREST ON SREENIDHI CASH CERTIFICATE With effect from 12th December 2018 (BOD Resolution Dated 07/12/2018) |
|
PERIOD |
Rate of Interest |
31 Days to 90 Days |
- |
91 Days to 180 Days |
- |
181 Days to 1 Year |
- |
Above 1 Year upto 2 Years |
8.50% |
Above 2 Years upto 5 Years |
9.25% |
5 years and above |
8.75% |