Rate of Interest in IBN18 Fixed Deposit Scheme w.e.f 16 May'11 as follows:
Scheme (A) Non Cumulative | |||
Period | Minimum Amount (Rs.) | Rate of Interest (%) | |
Old Rate | New Rate | ||
6 M | 10000 | 9.00 | 9.00 |
1 Yr | 11.00 | 11.50 | |
2 Yr | 11.00 | 11.50 | |
3 yr | 11.00 | 11.50 | |
Scheme (B) Cumulative | |||||
Period | Minimum Amount (Rs.) | Rate of Interest (%) | Amount Payable on Maturity | Effective Yield (% p.a.) | |
Old Rate | New Rate | ||||
1 Yr | 10000 | 11.00 | 11.50 | 11201.00 | 12.01 |
2 Yr | 11.00 | 11.50 | 12545.00 | 12.73 | |
3 yr | 11.00 | 11.50 | 14051.00 | 13.50 | |
* 0.50% additional rate of interest to Sr. Citizen & employees.
