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Features

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Receive options between simple interest and compound interest.

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Important information

Interest calculation

  • The interest is calculated considering the number of days for the year as 360 days.
  • The interest is calculated at intervals of 180 days each and thereafter for the remaining actual number of days. However interest payout to customer takes place at the maturity of the deposit.
  • Interest calculation on reinvestment FCNR (B) term deposit will also follow the above methodology.