Cent 555 Term Deposit :-
- Tenure of deposit : 555 days
- Rate of interest : As applicable to domestic deposits for similar tenure
- In case of revision in domestic deposit rates for the same period, this rate will be equivalent to the rate applicable to domestic deposit of 555 days maturity.
- Interest is compounded quarterly.
- Minimum deposit amount is Rs. 1,000 and maximum amount less than 1 crore.
MIDR / QIDR facility under Cent 555 & Cent 777 :-
- Type of Deposit : MIDR/QIDR under Cent 555 & Cent 777
- Tenure of Deposit : 555 days / 777 days.
- Rate of Interest : As applicable to domestic deposits for similar tenure at present 9.05% p.a. & 9.15% p.a. respectively.
- In case of revision in domestic deposit rates for the same period, this rate will be equivalent to the rate applicable to domestic deposit of 555 days/ 777 days maturity.
- Minimum deposit amount Rs. 5,000 & in multiples of Rs.1000 and Maximum amount less than Rs. 1 crore.