Renewal of Overdue Term Deposit

• Our Customers are requested to get their matured fixed deposits renewed on or before 15th February 2020 to get the retrospective effect of Term Deposit Interest.
• Kindly note that w.e.f. 16th February 2020, If a matured Term Deposit is not renewed within 07 days from the date of maturity, the same will be treated as Overdue Term Deposits and same will be renewed on the date of presentation and not from the retrospective date.
• The prevailing rate of interest will be applicable from the date of renewal of the Term Deposit.
• Interest for the overdue period will be paid at Savings Bank rate of interest as applicable from time to time, on the methodology as applicable to Saving Bank account from time to time.

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