| 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withdrawn deposits will be the contracted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. |
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