Features

• Higher rate of interest is paid to Senior Citizens for all categories of deposits.

Eligibility

Nationality Indian

Open an account

• Individual account - ANNEXURE-A-INDIVIDUAL SAVING-CURRENT ACCOUNTS
Penalty for pre-mature payment will continue at 1% other than deposits reinvested for the longer period of maturity beyond the expiry of premature deposit

Interest Rate

View Interest Rate Click Here

TDS

TDS will be deducted as per applicable Income Tax rule. At per the prevailing rule, TDS will be deducted if the aggregate of interest exceeds Rs.40,000 unless Form 15G/ Form 15 H is submitted at the beginning of each financial year.