Auto renewal not allowed under this scheme.Sweep-in / Sweep-out facility is not permitted under this scheme.
This is a Non-Callable deposit wherein Pre-mature/ partial withdrawal is not permitted The interest rate structure is as under: Interest Rate (% p.a.)Īdditional Terms and Conditions for Non- Callable bulk deposit schem Such closures include the withdrawals through sweep-ins and partial withdrawals as well.įestive Offer Extension of ‘Utsav FD’ for 375 Days and 444 Days up to December 31, 2023 To illustrate as an example, if a deposit is placed for 5 years and after 1 year the depositor wants to close the deposit prematurely, then the interest rate applied will be the rate which was applicable for one year on the original date of deposit. Citizen rates are not applicable to NRO & NRE Term Deposits.
