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 |
| 10th |
Every Month |
- |
March, June, Sep,
Dec |
|
| Monthly interest is applicable for 36 months Deposits only.
Half-yearly and Yearly Interest Payments
|
Date |
Interest
warrants dated 10thcommencing from the month
occurring immediately after completion of the first
yearly period |
|
|
|