Quarterly Interest Deposit (QID)

Principal Intact.

QID provides you quarterly interest without affecting the principal amount.

Amount of deposit :

You can deposit a minimum amount of Rs. 500/- and in multiples of Rs. 100/-.

Period of deposit :

You can open an account for periods ranging from 12 months to 84 months

Rate of interest :

The rate of interest shall be the appropriate rate prevailing on the date of opening of the account for the period so selected.

Certificate / Receipt :

After completion of formalities you will be issued a printed receipt (Quarterly Interest Deposit Receipt) with all particulars filled in as your name, amount of deposit, period of deposit, date of deposit, due date of deposit, interest rate and interest payable every quarter etc.

Premature payment :

Payment before maturity is available as per prevailing rules.

Loan / advance :

Loan/advance against deposits Loan/advance facility is available under the scheme as per prevailing rules.