2023 2024 Student Forum > Management Forum > Main Forum

 
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2nd April 2016, 08:08 AM
Super Moderator
 
Join Date: May 2012
Re: TJSB bank fixed deposit interest rates

A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account.

Interest rates on fixed deposit at TJSB bank

Duration Rate Deposit Amount Rules Additional Interest for Seniors

7 days-14 days 5.25% Must be at most Rs. 25 lakhs -

15 days-90 days 5.50% Must be atmost Rs. 25 lakhs 0.50%

90 days-180 days 6.00% Must be atmost Rs. 25 lakhs 0.50%

181 days-1 year 8.00% Must be atmost Rs. 25 lakhs 0.25%

1 year-3 years 8.50% Must be atmost Rs. 25 lakhs 0.50%

3 years-5 years 8.25% Must be atmost Rs. 25 lakhs 0.50%

5 years 8.00% Must be atmost Rs. 25 lakhs 0.50%

5 years-10 years 8.00% Must be atmost Rs. 25 lakhs 0.50%

Interest Rates on NRE Term Deposits

Particulars-Individuals / Group of Individuals
Revised for deposit of all

12 months-8.00 % p.a

Above 12 months up to 36 months 8.50% p.a

Above 36 months up to 60 months 8.25% p.a

Above 60 months up to 120 months 8.00 % p.a.

KAR-BACHAT scheme of TJSB Bank

Period of Deposit Five Years

Rate of Interest 8.25%

Eligible Depositors Single Individual / Joint Deposit (Not more than two individuals as Joint Holders) / HUF / Senior Citizens

Interest Payment
1) Quarterly
2) Cumulative

Maximum Amount of Deposit Rs.1,50,000/- (Rs. One Lac Fifty thousand Only).

Any individual as a single depositor or bearing first name in the joint
deposit can invest total amount not exceeding Rs.1,50,000/- under this scheme.

Minimum Amount of Deposit Rs.5,000/- & in multiples of Rs.1,000/-


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