| |
The
Corporation invites fixed deposits from public.
(Click here for Printable Version)
|
REGULAR INTEREST PAYMENT SCHEME (RIPS) |
|
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
Without Tax
Deduction (Rs.) |
|
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
|
24 |
- |
9.58 |
- |
52,000/- |
|
36,48&60 |
10.00 |
10.08 |
10.47 |
47,000/- |
|
Minimum Deposits |
Rs.20, 000/- |
Rs.10, 000/- |
Rs.10,000/- |
- |
|
Further
deposits in Multiples of Rs.1, 000/- |
|
CUMULATIVE INTEREST PAYMENT SCHEME
(CIPS) |
SCHEME
' A ' (CIPS - I) |
Period
Months |
Maturity
Value for
Rs. 10,000/-
(Rs.) |
Effective
yield per
Annum
(%) |
Maximum
Deposit
Without Tax
Deduction
(Rs.) |
12 |
10,938/- |
9.38% |
53,000/- |
24 |
12,083/- |
10.42% |
45,000/- |
36 |
13,482/- |
11.61% |
39,000/- |
48 |
14,894,/- |
12.23% |
35,000/- |
60 |
16,453/- |
12.91% |
32,000/- |
MINIMUM
DEPOSIT RS. 10,000/- AND IN MULTIPLES OF RS. 1/-
|
Additional Interest for Senior citizen (58 years) |
@ 0.25 % for 12 and 24 months , @ 0.50 % for 36,48,60 months Deposit over and above the normal rate. |
|
|
CUMULATIVE INTEREST PAYMENT SCHEME |
|
SCHEME
' B ' (CIPS - II) |
|
PERIOD
|
Minimum Deposit |
Maturity
Value |
Effective
Yield per annum |
Maximum
Deposit
Without Tax Deduction
(Rs.) |
|
60 MONTHS |
Rs.608/- |
Rs.1,000/-
|
12.91% |
Rs.32,000/- |
|
MINIMUM
DEPOSIT RS. 608/- AND IN MULTIPLES OF RS. 608/- |
|
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