| Name of Scheme - |
LONG TERM SUBORDINATED BONDS (LTSB) SERIES II |
| Rate of Interest |
9 % p.a. (Payable Quaterly) |
| Tenure |
10 Years |
| Validity |
12-SEP-2025 TO 11-JAN-2026 |
Terms & Conditions :-
1. DICGC cover not available, as the LTD is not a Deposit.
2. Premature withdrawal not allowed.
3. No advance/overdraft facility will be given against LTSB.
4. Interest will attract TDS as per IT Act
5. LTSB is not a deposit hence nomination facility is not available under BR Act, any Nomination claim will be settled under BR act as per norms.