IND SUPER 400 DAYS
The salient features of the scheme are detailed here under:
|SCHEME||Special Term Deposit Product “IND SUPER 400 DAYS “offering higher rate of interest with fixed maturity tenor of 400 days in the form of FD/MMD|
| Individual (singly or jointly) / HUF
NRI (NRO /NRE)
Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name.
Religious, Charitable or Educational Institutions.
Municipality or Panchayat, Government or Quasi Government Body
Bulk deposits of Rs.2 crore & above are not eligible.
|PERIOD OF DEPOSIT||400 Days|
|RATE OF INTEREST
|MODE OF INTEREST PAYMENT||Interest, net of TDS shall be payable on monthly/quarterly intervals or on maturity through the linked account (SB/CA) of the customer.
In case where there are no operative accounts of the customer, maturity proceeds will be paid by DD or through NEFT/RTGS as per customer’s choice.
No interest will be paid on deposits which remains for a period of less than 7 days.
Mandatory for Personal Customers
|PRECLOSURE PENALTY||As applicable to Normal Term Deposits as per existing Norms|
|OVERDRAFT / LOAN AGAINST DEPOSIT||Can be availed digitally through INB/IND OASIS Channels.
Loans may be granted at the discretion of the bank, as per the bank extant guidelines on loan against deposits.
|TDS||At Applicable Rate as per Income Tax Act.|
|15G /15H||Wherever eligible can be submitted in Branch or through Online .|
|MODE OF ACCOUNT OPENING||Branch/ Internet Banking /IND OASIS|
|ANY OTHER INFORMATION RELEVANT TO THE PRODUCT||
( Last modified on Nov 02, 2023 at 09:11:13 PM )