Senior Citizen’s Deposit

Features

• Senior Citizens are eligible for an additional interest rate of 0.50% p.a only for term deposits for periods starting from 180 days and above but excluding the 500 days product.
• At par collection of 1 instrument for value up to Rs. 5,000 once a month
• Issue of demand draft up to Rs. 5,000 once a month
• Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all domestic term deposits of 1 year and above except for Dhanam Tax Advantage deposits. The additional rate of interest offered for deposits of Senior Citizens is applicable only to Resident Indians.