Interest rates of Deposits (effective from May 16th, 2013)
Interest Rates on Fixed Deposits for Individuals
Interest Rates on Cumulative Deposits for Individuals
- Monthly interest option for 36/48/60 Months Fixed Deposits @ 9.43% p.a.
- Minimum Deposit Rs.10,000/- per account.
- Interest rates on existing deposits remain unchanged.
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Interest Rates on Fixed Deposits for Senior Citizen
(COMPLETED AGE : 60 YEARS ON THE DATE OF DEPOSIT)
Interest Rates on Cumulative Deposits for Senior Citizen
(COMPLETED AGE : 60 YEARS ON THE DATE OF DEPOSIT)
- Monthly interest option for 36/48/60 Months Fixed Deposits @ 9.92% p.a.
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Interest Rates on Fixed Deposits for Trust
Interest Rates on Cumulative Deposits for Trust
- Monthly interest option for 36/48/60 Months Fixed Deposits @ 9.92% p.a.
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Sundaram BNP Paribas Home Trust Deposit is a specified investment under Section 11 (5)(ix) of the Income Tax Act, 1961.
Method of interest credit
Interest warrants crossed ‘Account Payee’ could be dispatched:
- Direct to the depositor
- Direct to the depositor with bank details
- Direct to the bank under advice to the depositor
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The following table details the Bank on which the Interest Warrants are drawn and branches at which ‘At Par’ facility is available.
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