In Simple Fixed Deposit, Interest is calculated on principal at end of each Half year. Interest is automatically transferred to Customer Saving Bank Account.
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
