• Interest Rate: As per published
• Minimum Balance: 10,000
• Interest Payment: Quarterly and Lump Sum

Pre Matured Fixed Deposit

In a situation when fixed deposit is not due for payment but client is requesting for payment he/she should be explained about loss of interest. Instead by liquidating fixed deposit he/she should be advised to avail advance/loan against the Fixed Deposit Receipt. Even if the customer does not agree the FDR can be liquidated after taking approval of operation in charge or branch manager with following actions:

1. The interest rate applicable will be normal saving account’s rate which is less than the closet prevailing rate for the completed period.
2. In case of non-renewal of Garima Swastha Surakshit Nikchep Yojana, branch should inform head office Finance Department for cancellation of insurance.