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Interest Rates
RATE OF INTEREST : The Company has revised the rates of interest on Public Deposits with effect date from 5th November, 2016 as under.
RATE OF INTEREST APPLICABLE TO RETAIL DEPOSIT UP TO RS. 5 CRORE
Term Revised ROI per annum on Deposits from General Public Revised ROI per annum on Deposits from Senior Citizens up to Rs. 50,000/- Revised ROI per annum on Deposits from Senior Citizens above Rs. 51,000/-
1 YEAR 7.85% p.a. 7.95% p.a. 8.10% p.a.
18 MONTHS 7.85% p.a. 7.95% p.a. 8.10% p.a.
2 YEAR 7.90% p.a. 8.00% p.a. 8.15% p.a.
3 YEAR 7.95% p.a. 8.05% p.a. 8.20% p.a.
5 YEAR 7.95% p.a. 8.05% p.a. 8.20% p.a.
Interest is Payable/Compoundable Annually.
 
FOR DEPOSIT MORE THAN RS. 5 CRORE
In case any investor intends to make a public deposit for more than Rs. 5 crore, the agent or investor has to get the rate of interest and brokerage rate, if applicable, confirmed from the Company in writing before depositing the cheque. 

Splitting of deposit/s is/are not allowed.

In case any investor makes multiple deposits having denomination of less than or equal to five crore, but aggregate deposit amount(all the deposits placed together by the same investor) in 1 Month, irrespective of the location of the deposit, exceeds rupees five crore amount, then it is considered as bulk deposit of more than five crore and the Company will apply the rate of interest on deposit and brokerage rate as they are applicable to bulk deposit on the day on which the aggregate amount of deposits exceeds five crore. If there is a gap of 1 Month between two deposits having denomination of less than five crore, then such deposits will be treated as independent deposits and they will not be considered together.
 

 

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