• Non-cumulative Interest will be paid based on the interest payment frequency selected by the customer

• Monthly option - Last date of each month. The first interest pay-out will be paid on pro-rata basis, on the last day of the same month in which the FD is procured. E.g.: If the customer has initiated the FD on 25th March and has requested for a monthly interest, the same will be paid on the last day of same month i.e. 31st March, 30thApril, 31st May, and so on. Similarly, last interest pay-out will be on pro-rata basis till the maturity date.
• Quarterly Option Last date of each quarter i.e. June 30th, September 30th, December 31st, and March 31st. The first and last interest pay-out will be paid on pro-rata basis. If the customer has initiated the FD on 25th February, the first interest pay-out will be paid on the last day of calendar quarter i.e. 31th March. Similarly, last interest pay-out will be on pro-rata basis till the maturity date.
• Half Yearly Option Last date of financial year i.e. September 30th and March 31st. The first and last interest pay-out will be paid on pro-rata basis. If the customer has initiated the FD on 25th February, the first interest pay-out will be paid on the last day of financial half year i.e. 31st March. Similarly, last interest pay-out will be on pro-rata basis till the maturity date.
• Annual Option Last date of financial year i.e. March 31st . The first and last interest pay-out will be paid on pro-rata basis. If the customer has initiated the FD on 25th February, the first interest pay-out will be paid on the last day of financial year i.e. 31st March. Similarly, last interest pay-out will be on pro-rata basis till the maturity date.

• Cumulative scheme- On maturity - The interest will be compounded annually, and the maturity amount will be subject to deduction of tax, wherever applicable. Interest will be paid on maturity with the principle amount.