|
Interest rates of Deposits (effective
June 01, 2007)
Interest Rates on Fixed Deposits for Individuals
and Trust
|
Term (months) |
Rates of Interest (%
per annum) |
|
Monthly |
Quarterly |
Yearly |
| 12 |
Not
Accepted |
9.50 |
9.80 |
| 24 |
Not
Accepted |
10.00 |
10.40 |
| 36 |
10.41 |
10.50 |
10.90 |
| Minimum
Amount |
Rs.10,000/- |
Rs.10,000/- |
Rs.10,000/- |
|
- Monthly interest option for 36 months & above under regular income scheme @ 10.41% p.a
- Minimum Deposit of Rs.10,000/- per account.
- Interest rates on existing deposits remain unchanged.
|
|
Interest Rates on Cumulative Deposits for
Individuals and Trust
|
Term (months) |
Rate of Interest
(% per annum) |
Maturity Value
for Rs. 10000/- |
Yield
% |
| Rs 10000/- |
Rs 1000 |
| 12 |
9.80 |
Rs.
10,980/- |
Rs 1,098/- |
9.80 |
| 24 |
10.40 |
Rs. 12,190/- |
Rs 1,219/- |
10.95 |
| 36 |
10.90 |
Rs. 13,640/- |
Rs 1,364/- |
12.13 |
| Minimum
Amount Rs.10,000/- |
| Interest
Compounded Annually |
- Minimum Deposit of Rs.10,000/- per account.
- Interest rates on existing deposits remain unchanged.
|
Brokerage Structure |
Period of Deposit |
Brokerage |
12 Months | 0.25% |
24 Months | 0.50% |
36 Months | 0.75% |
|
Rating Awarded For Our Fixed Deposits Programme
|
CRISIL |
FAA+ / STABLE |
High degree of safety |
ICRA |
MAA+ / STABLE |
High safety |
Sundaram BNP Paribas Home Trust Deposit is a specified investment under Section 11 (5)(ix) of the Income Tax Act, 1961.
Method of interest credit
Interest warrants crossed ‘Account Payee’ could be dispatched:
- Direct to the depositor
- Direct to the depositor with bank details
- Direct to the bank under advice to the depositor
The following table details the Bank on which the Interest
Warrants are drawn and branches at which 'At Par' facility
is available.
| Interest Warrant
Date |
10 |
| Drawee Bank |
Syndicate Bank |
| At Par Branches |
Specified Branches |
|
|
|
