Rules for Pre-Mature Withdrawal of Term Deposits:

 

1.Pre-Mature withdrawal of term deposits may be allowed at the discretion of the Bank.

2.No penal interest for pre mature withdrawal of term deposits upto Rs.2 lakhs. Interest Rate as applicable on the date of deposit for the actual period the deposit remained with the bank is payable.

3. Penal interest at the rate of 1% will be charged on premature withdrawal of time deposit of above Rs.2 lakhs.

4.No penalty will be levied on premature withdrawal of deposits ,provided the deposits are renewed for a longer period than remaining period of the original contract.

5.No premature withdrawal is permissible for large value deposit of Rupees One Crore and above .

•Terms and conditions applicable 

•Please contact nearest branch for details