It is a deposit where the
Interest is being paid at regular intervals.
Frequency of monthly payments
Monthly, Bi-monthly and Quarterly Interest
Payments
|
| Date |
Months
in which interest is payable |
| Monthly |
Bi-monthly |
Quarterly |
| 16th |
Every Month * |
- |
March, June, Sep,
Dec |
|
| * Applicable
for 36 month Deposits only
Half-yearly and Yearly Interest Payments |
|
|
|