Senior Citizen

    

 
Features


  • Higher rate of interest is paid to Senior Citizens for all categories of deposits.
 
 
Eligibility


Nationality Indian
 
Open an account


  • Individual account - ANNEXURE-A-INDIVIDUAL SAVING-CURRENT ACCOUNTS
  • Penalty for pre-mature payment will continue at 1% other than deposits reinvested for
          the longer period of maturity beyond the expiry of premature deposit
 
Interest Rate


View Interest Rate Click Here
 
TDS


TDS will be deducted as per applicable Income Tax rule. At per the prevailing rule, TDS will be deducted if the aggregate of interest exceeds Rs.40,000 unless Form 15G/ Form 15 H is submitted at the beginning of each financial year.