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IND SUPREME 300 DAYS

IND SUPREME 300 DAYS

SCHEME Special Term Deposit Product “IND SUPREME 300 DAYS “ with fixed maturity tenor of 300 days in the form of FD/MMD.
 

 

TARGET CUSTOMERS
  • Individual (singly or jointly)
  • HUF
  • NRI
  • Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name.
  • Religious, Charitable or Educational Institutions.
  • Municipality or Panchayat, Government or Quasi Government Body
  • Any other entity not prohibited by RBI.
DEPOSIT AMOUNT
Minimum Amount Rs. 5000 /- (Five Thousand Only)
Maximum Amount Less than Rs.3 Crore*

Note :* w.e.f 12.06.24 , Limit of maxmium investement per customer per day stands revised to less than Rs.3 Crore from less than Rs.2 Cr. 

Bulk deposits of Rs.3 crore & above are not eligible.
PERIOD OF DEPOSIT 300 Days
RATE OF INTEREST 7.05 %  p.a

 
ADDITIONAL INTEREST RATE

 
  • Senior Citizen: 0.50 % p.a
  • Super Senior Citizen: 0.75 % p.a
  • Staff:  1.00% p.a.
  • Staff Senior Citizen: 1.50% p.a.
  • Staff Super Senior Citizen: 1.75 % p.a

(Additional interest offered to Senior Citizens & Staff are not applicable for NRO Deposits)
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.
NOMINATION FACILITY Available

Mandatory for Personal Customers
ROLL OVER OPTION Auto Rollover under the product will be in the maturity bucket (270 days < 1 year) of regular term deposit  product.
PRECLOSURE FACILITY Allowed
PRECLOSURE PENALTY As applicable for normal term deposits.
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
  • Bank holds the right to extend/ withdraw the facility in full or in part at its discretion at any time in future.
  • The account should be fully KYC compliant. Valid PAN/Form-60 should be obtained wherever applicable.
  • Deposits related to RD, Tax Savings, MACAD, MODs, Capital Gains Scheme are excluded under this scheme.
  • All other terms and conditions in respect of existing domestic term deposit scheme are applicable to these products also.

 

( Last modified on Jun 12, 2024 at 09:06:14 PM )

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