Features & Benefits
Special rate is applicable to Senior citizen those who have completed 60 years of age. In case of joint deposits, the first name should be of the Senior citizen.
Deposits under Senior citizen should not be used as security for commercial purposes
Minimum Deposit amount: Rs.25000/- No maximum
Interest Rate: + 0.50% than the actual rate for General Public
TDS in Interest: Applicable
Deposit Tenor: 7 days to 120 months
Nomination facility: Available
Premature Closure: Allowed
Senior Citizens who have completed 60 years of age.
IBL Registration Number NSE: INE231308847
MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment