Senior Citizen
10 May 2019 14:55:00
Features
- Higher rate of interest is paid to Senior Citizens for all categories of deposits.
Eligibility
- Nationality Indian
- Age above 60 years
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.50,000 unless Form Form 15 H is submitted at the beginning of each financial year.