Note: Interest payable on Premature Withdrawal of Term Deposits: Retail, Preferential and Senior Citizen Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit) whichever is lower. The above interest payment clause on premature withdrawal of term deposits will be applicable on all deposits opened/renewed with effect from 1 July 2005. The above interest payment clause on premature withdrawal of term deposits is applicable on all fixed deposits types like Monthly and Quarterly Interest Paying Deposits, Cumulative or Re-Investment Deposits, Deposits linked to Savings/Current Accounts (FFD types of deposits) & Recurring Deposits.