#1
6th October 2017, 08:04 AM
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FD Interest Rates In South Indian Bank
I want to know interest rates on fixed deposit of South Indian Bank, for that will you please also help me here?
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#2
6th October 2017, 08:18 AM
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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 |
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