What are the rules relating to premature closure and loan against the deposit: The rules are the same as applicable to other term deposits. In the case of premature closure, the additional interest payable to deposits of senior citizens is not payable if the deposit is over Rs.5 lakh.
What is the interest payable on the deposit: Additional interest of 0.50%(w.e.f 07.12.12)over the card rate is payable. For special deposits if the aggregate deposit is over Rs.25 lakh in the same branch and or different branches only the card rate is payable. The senior citizen has to give declaration to this effect.
1.FREE International debit cards: The senior citizen is offered free International debit cards by branches.