‘SIB 90’ (600 days deposit Scheme)

In order to reward our loyal customers in the 90th year of our bank, we have introduced a new product “SIB – 90” the 600 days deposit scheme.
 
Highlights of the Product:
  • Interest Rate of ‘SIB-90’ is the highest among the present Interest rates.
Period
General
Senior Citizens
600 days
7.10%
7.60%
  • Period of Deposit is 600 days.
  • Minimum amount of deposit is Rs.1000/- and Maximum amount of deposit is below    Rs. One Crore only.
  • The rates are applicable to Domestic / NRO/ NRE deposits.
  • The deposit is made available in Cumulative and Simple interest schemes i.e. FD/KND.
  • If monthly interest is required it will be at discounted values as applicable to other deposits.
  • Loans are available as per the features of existing Term Deposits
  • TDS and all other features will same as that of FD and KND. 
Comparing with interest rates that is being offered in the market’, “SIB – 90 yields better returns.
The illustration table is provided for better understanding of yield.

 
 
General & NRI
Senior Citizen
Period
Amount
Maturity Value
Yield (p.a)
Maturity Value
Yield (p.a)
 
600 days
 
Rs.1,00,000/-
Rs.1,12,289/-
 
7.48%
Rs.1,13,201/-
 
 
8.04%
Rs.5,00,000/-
Rs.5,61,443/-
Rs.5,66,003/-
Rs.10,00,000/-
Rs.11,22,887/-
Rs.11,32,006/-
Rs.25,00,000/-
Rs.28,07,217/-
Rs.28,30,016/-
Rs.50,00,000/-
Rs.56,14,434/-
Rs.56,60,031/-
Rs.99,00,000/-
Rs.1,11,16,579/-
Rs.1,12,06,862/-

 
*Terms and conditions apply.
Offer for a short period only