Amount
(Rs. repayable
for
an account
of
Rs. 10/-
denomination
From
To
01.10.1991
01.09.1993
856.40
02.09.1993
31.12.1998
833.40
01.01.1999
14.01.2000
811.15
15.01.2000
28.02.2001
789.60
01.03.2001
28.02.2002
758.53
01.03.2002
28.02.2003
748.49
01.03.2003
onwards
728.90
Default Fee : 20 Paisa for Rs. 10 denomination for each month of default.
Rate or interest on RD: withdrawals on or after 01.04.1993 : 15%
Premature closure allowed only after three years from the date of opening w.e.f. 04.11.99 interest at the rate of single saving accounts is admissible in such cases.
Premature withdrawal of a deposited in TD accounts is allowed subject to the following conditions
No withdrawal is allowed before the expiry of six months from the date of deposited
No interest is payable on withdrawals after six months but before the expiry of one year.
In case of withdrawals after the expiry of one year from the date of deposited in a 2 Year, 3 Year of 5 Year account, interest at the rate which shall be 2 % less than the rate specified for deposited of 1 year, 2 years or 3 years respectively will be paid for the completed years and months
Interest already paid on the deposited shall be recovered from the amount of repayment of deposited and the interest payable under this rule.
