It is a deposit where the Interest is being paid at Monthly/Quarterly intervals.
|Last date of the month
||Every Month *
||March, June, Sep, Dec
* Applicable for 36 month Deposits only
For Deposit interest rates click here.
Method of interest credit
Interest warrants crossed 'Account Payee' are dispatched:
- Direct to the bank under advice to the depositor
- Through RBI Electronic Clearance Service (ECS)
The following table details the Bank on which the Interest Warrants are drawn, branches at which At Par facility is available and places where ECS facility is available.
|Interest Warrant Date
||State Bank of India
|At Par Branches