In case of non-cumulative deposits, interest is paid out quarterly or half yearly as preferred by customer. In case of cumulative deposits, interest is compounded quarterly and the basis of interest calculation is 28-31/365.
The interest rates for bulk deposits of INR 1 crore or above may change at daily frequencies and you may contact your Relationship Manager/NRI Phone Banking or nearest bank branch to know the interest rate offered by the Bank While booking on-line, please note the interest rate on offer, as all interest rates are subject to change from time to time.
Fixed deposits below INR 1 crore can be booked on-line.
