Interest will be paid for the run period at applicable rate and penalty if any. ![]() In case date of interest payment falls on a holiday the same will be paid on the next working day.ĭeposit will be auto renewed for the same period at the applicable rate of interest on maturity date in the absence of specific instruction.Īllowed. Interest is calculated at quarterly intervals on domestic term deposits and paid half yearly in Mar, Sept at the rate decided by the bank depending upon the period of deposits or on the date of maturity. The rate of interest is payable on short deposits as per interest table available on the Bank’s website. ![]() Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a "Short Deposit Receipt" Account" in single/joint names. ![]() Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc.
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