#1
27th May 2015, 03:23 PM
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Rate of Interest Offered by South Indian Bank
I want to deposit some amount of money in my account at South Indian Bank . Will you please tell what is the Rate of Interest Offered by South Indian Bank on that amount . please tell about the simple rate of interest and the compound rate of interest of the South Indian Bank. |
#2
2nd December 2015, 01:31 PM
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Re: Rate of Interest Offered by South Indian Bank
Hello sir I want to know rate of Interest Offered by South Indian Bank so here can you please tell me its details ?
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#3
2nd December 2015, 01:33 PM
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Re: Rate of Interest Offered by South Indian Bank
Hey domestic deposits are applicable for NRO accounts 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. The time period given for interest rate are :- 7 days to 45 days 46 days to 90 days 91 days to less than 1 year 1 year Above 1 year to 3 years Above 3 years up to and incl.10 years Tax Gain |