|
Deposits |
 |
Deposits
To help you face the challenges of an ever-changing economic environment, we can provide you with secure term deposit solutions.
We offer you flexible (fixed or floating) and yet secure interest rate deposits with terms ranging from 1 to 60 months.
What is a deposit?
It is a secure way of investing capital over an agreed time period, at a pre-determined interest rate base, so as to generate regular interest distributions to the investor throughout the investment period. This form of investment usually suits those who do not wish to be exposed to any risk of fluctuations in their capital base, and/or those who are in need of regular income streams to be derived therefrom.
Deposits are usually available in two alternative forms: fixed rate and floating rate.
Fixed rate deposits usually suit clients who need a fixed amount of income stream over the investment period. (Effective as from 05th October 2010)
|
DEPOSIT TERM
IN MONTHS |
MONTHLY |
QUARTERLY |
HALF YEARLY |
YEARLY |
MATURITY |
| 1 |
|
|
|
|
3.85% |
| 3 |
|
|
|
|
4.00% |
| 6 |
|
|
|
|
4.20% |
| 12 |
5.50% |
5.55% |
5.60% |
|
5.65% |
| 24 |
6.20% |
6.25% |
6.30% |
6.40% |
6.60% |
| 36 |
6.25% |
6.30% |
6.35% |
6.45% |
6.85% |
| 48 |
6.30% |
6.35% |
6.40% |
6.50% |
7.15% |
| 60 |
6.35% |
6.40% |
6.45% |
6.55% |
7.45% |
|
| N.B: Minimum Amount Rs 100,000.00 |
| |
| Floating rate deposits are exposed to variations in the Base Deposit Rate (BDR) which could have a direct effect on the investor’s deposit rate and hence his income stream. Note that the effect could be either positive or negative, depending on whether there are increases or decreases in the BDR. (Effective as from 05th October 2010) |
Base Deposit Rate ("BDR") :
3.75%
p.a
|
|
DEPOSIT TERM
IN MONTHS |
MONTHLY |
QUARTERLY |
HALF YEARLY |
YEARLY |
MATURITY |
| 1 |
|
|
|
|
3.60%
(BDR+ -0.15%p.a) |
| 3 |
|
|
|
|
3.75%
(BDR+0%p.a) |
| 6 |
|
|
|
|
3.95%
(BDR+0.2%p.a) |
| 12 |
5.35%
(BDR+1.6%p.a) |
5.40%
(BDR+1.65%p.a) |
5.45%
(BDR+1.7%p.a) |
|
5.50%
(BDR+1.75%p.a) |
| 24 |
5.95%
(BDR+2.2%p.a) |
6.00%
(BDR+2.25%p.a) |
6.05%
(BDR+2.3%p.a) |
6.10%
(BDR + 2.35% p.a) |
6.30%
(BDR+2.55%p.a) |
| 36 |
6.00%
(BDR+2.25%p.a) |
6.05%
(BDR+2.3%p.a) |
6.10%
(BDR+2.35%p.a) |
6.20%
(BDR + 2.45% p.a) |
6.60%
(BDR+2.85%p.a) |
| 48 |
6.10%
(BDR+2.35%p.a) |
6.15%
(BDR+2.4%p.a) |
6.20%
(BDR+2.45%p.a) |
6.30%
(BDR + 2.55% p.a) |
6.90%
(BDR+3.15%p.a) |
| 60 |
6.15%
(BDR+2.4% p.a) |
6.20%
(BDR+2.45%p.a) |
6.25%
(BDR+2.5%p.a) |
6.35%
(BDR + 2.6% p.a) |
7.20%
(BDR+3.45%p.a) |
|
 |
| N.B: Minimum Amount Rs 100,000.00 |
| |
| Rates provided are for indicative purposes only and are not legally binding. |
|
|
| |
| Should you be interested in any of our deposit terms, please contact us for assistance. |
|