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Product
Features: |
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Minimum
Deposit : Rs 250,000/-. |
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Period
of the Deposit : 2 - 5 years. |
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Rate
of interest applicable: Weighted average treasury bill rate
(WATB rate) + 1.25% p.a. |
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Interest
payment : Interest will be paid quarterly or on final maturity. |
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If
you want to lock the rate after a certain period of time,
it will be allowed only if the deposit will be kept for
an additional year. (eg. 5 year deposit locked at the 3rd
year should be kept for another 2 years + extra
1 year). |
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In an
upward trend of interest, you will benefit with higher returns
(subject to a maximum of 17% p.a). |
