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>>Senior Citizens Deposit Scheme

 

Bharat Bank offers an attractive rate of interest on deposit for Senior Citizens.

 

Details of the scheme is as under :

1. Interest rate : @ 8.50% p.a.

2. Tenure of deposit : 3 years

3. Interest payment : Monthly / Quarterly Interest (MID & QID) payment only.

4. No penalty on premature withdrawal after completion of 1 year.

5. Term deposits in the name of resident Indian senior citizens only eligible under this scheme.

 

(Term deposits in the name of an HUF or Karta of HUF is not eligible).

 

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