In a reinvestment fixed deposit scheme, the interest accrued on your deposit at the end of each quarter is invested along withthe principal. The tenure of your deposit must be a minimum of 12 months.
Senior Citizens are offered additional interest of 0.50 % for deposits placed for 1 year and above period
Premature Withdrawal In all cases of premature withdrawals, the interest would be payable at 1 % below the applicable card rate under the normal fixed deposit has remained with the Bank as
on the date of deposit and not at the contractual rate
