The rate of interest is 7.25 per cent per annum and is applicable starting from a minimum deposit amount of Rs 500 in rural & semi urban branches and Rs 1,000 in urban, port town & metro branches and is restricted to less than Rs 1 crore.
The offer is for a limited period with effect from June 15, 2010 for a period of 3 months till September 15, 2010. Senior citizens will be offered an additional interest rate of 0.50 per cent and premature closure is also permitted.