and above is at the discretion of the Bank ActivMoney/ Sweep in Facility is not available on this deposit Premature withdrawal of this deposit is not allowed till maturity. The calculation of interest is basis 365 days in a non-leap year and 366 days in a leap (calendar) year.ĭisclaimer : Premature withdrawal Not Allowed Deposit Above rates are applicable for mentioned dates only and are subject to change without prior notice Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per RBI directives and above is at the discretion of the Bank. For ActivMoney (2 way sweep deposits) Regular Fixed Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff Standalone Fixed Deposits of tenure 181 days and above linked to saving / current account will be treated as per the regular sweep deposit functionality and penal charge will be applicable as below mentioned in premature withdrawal penalty section. For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest. No interest will be payable for NRE TDs staying less than 1 year. #Simple interest rate *Senior Citizens' rate is not applicable on NRO/NRE deposits
