2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
6th October 2017, 08:18 AM
Super Moderator
 
Join Date: Aug 2012
Re: FD Interest Rates In South Indian Bank

On your reference I will let you know South Indian Bank, interest rates on fixed deposit so that you can go through it.

Here telling you interest rates

Domestic Deposits (Also applicable for NRO Accounts) Interest rate on Domestic Deposits W.E.F 20th June 2017
Period Single Deposit less than Rs.100.00 lacs
General Senior Citizens*
7 days to 45 days 4.00% 4.50%

46 days to 90 days 5.65% 6.15%

91 days to less than 1 year 6.00% 6.50%

1 year to 2 years 6.75% 7.25%

Above 2 years to up to and incl.10 years 6.50% 7.00%

Tax Gain 6.50% 7.00%

Rates for single deposit of Rs.100 lacs & above and Premature closure penalty thereon to be obtained from Head Office - (Treasury Dept.) on a daily basi

Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.

Penalty is applicable for premature closure of deposits for withdrawal as well as for reinvestment of Term Deposits including Recurring Deposits and Daily Savings Deposits at the rate of 0.50% for deposit amounts below Rs.15 lakhs and 1% for deposit amounts of Rs.15 lakhs and above.

The effective rate will be the net of applicable rate for the period of deposit remained with bank (less the penal rate) or the net of original contracted rate (less penal rate) whichever is less.

Address:-
South Indian Bank
T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India

Phone:-
+91-487-2420020, 2420058, 2420113


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 05:59 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4