SIB QEND
A Fixed Deposit product with interest pay out on Financial Quarter Ends. The product is exclusively for those customers who want their interest on every financial quarter ends.
The salient features of SIB QEnd are:
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Name of the Deposit Product
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SIB QEnd
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Tenor
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Minimum 7 Days Maximum 10 years
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Amount
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Deposit Amount of less than Rs 3 Crore
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Scheme
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The deposit is made available in Simple interest schemes ie FD with interest pay out on Financial Quarter Ends.
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Eligibility
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Domestic/NRE/NRO
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Scheme Period
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w.e.f 1st September 2024
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Premature closure penalty
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Pre closure penalty is applicable as all other term deposits .In case of NRE deposits, if closed prematurely within one year, no interest will be paid.
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TDS
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TDS and all other features will be as same as all other term deposits
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Loan facility
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Loans are available as per the features of existing Term Deposits
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