ACE Fixed Deposits

Points to Note

• Fixed Deposits cannot be prematurely withdrawn (full / part) before maturity unless same is under condition of government order / regulatory order / bankruptcy / legal order / deceased settlement.

• For Fixed Deposits value Rs. 2 Crore and above, please contact concerned branch staff.

• Interest rates are subject to change from time to time. Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank.

• Interest earned on the Fixed Deposits will be subject to applicable Tax Deducted at Source as per Income Tax laws.

• Minimum tenure is 12 months and minimum value is 50 lakhs.

• Above rates are also applicable for NRO/NRE Fixed Deposits.

• Interest shall be compounded on quarterly basis and is payable on maturity of the deposit in case of cumulative deposits.

• Sweep in facility is not allowed.

• The interest may be paid on monthly/ quarterly basis. The monthly interest will be paid at discounted value.

• Senior Citizens (60 years to less than 80 years) are eligible for additional interest rate of 0.50% p.a. and Super Senior Citizens (80 years and above) are eligible for additional interest rate of 0.75% p.a. Senior Citizens/Super Senior Citizens rates are not applicable on Non-Resident Fixed Deposits (NRE/NRO).