OBJECTIVE

To optimise returns on high value deposits by permitting the depositor to have the benefit of market-related interest rates

MINIMUM AMOUNT OF DEPOSIT

Rs.1 Crore and thereafter in multiples of Rs.10,000/=

PERIOD OF DEPOSIT

One Year (Fixed)

INTEREST RATE ON DEPOSIT

0.25% more than the yield rate on 91 days Treasury Bill

RE-PRICING DATES

Interest will be re-set effective first day of every calendar quarter i.e. 1 st of January, April, July and October

INTEREST ACCRUAL

At quarterly rests

OTHER FEATURES

For the present the deposits will be accepted only at: Mumbai (Main) -Ph.2623656,2673065 Nariman Point -Ph.2025092,2882307
Mumbai Overseas -Ph.2873820,2852852 Andheri(West) -Ph.6288339,6248178 New Delhi Overseas -Ph.3357605
Hyderabad (Main) -Ph.3202041
Ahmedabad (Main) -Ph.5354281
Chennai (Main) -Ph.5229346,5228561
Bangalore(Main) -Ph.2287649,2261567