Reinvestment Plan

This plan helps you to earn interest on interest, thus giving you a two-fold income. You deposit your money with us for any period between six months to 10 years, and we pay you interest on your deposited money plus on the interest you earn. Thus your interest gets compounded every quarter giving you higher returns.

1. Highlights

(a) Premature Withdrawal Interest to be charged on premature withdrawal of special term deposits at 1.00{3f6fc27b7d854a6d11d1a3aff0be80f521428168aac3c68744a82bcc1a5c181a} below the rate applicable for the period deposit has remained with the Bank.
(b) Timely Payment of Interest We assure timely delivery of the proceeds of your deposit with interest, on maturity. Flexibility of payment on maturity through Cash (subject to prevalent Income Tax Act), Banker’s Cheque, Credit in Savings Bank/Current account.
(c) Nomination Facility Nomination Facility is available for this scheme.
(d) Tax Implications Tax Deductible at Source, as per Income Tax Act.
(e) Premature Payment of Term Deposits- Interest to be paid on premature withdrawal of term deposits at 1.00{3f6fc27b7d854a6d11d1a3aff0be80f521428168aac3c68744a82bcc1a5c181a} below the rate applicable for the period deposit has remained with the Bank

* Conditions Apply