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Star Fixed Term Deposit

Announcements

Dear Customer, please note that Prime lending Rate (PLR) has been revised from 10.00% to 10.25% P.A w.e.f 23.11.2018 View More...

Financial Intelligence Centre, South Africa

Reserve Bank Of India

South African Reserve Bank

Bank Of India, Head Office

Exchange Rates

Star Fixed Term Deposit

Our Star Fixed Term Deposit is a great product where customer can earn higher returns by keeping the funds for a fixed period. The key features of the product are:

Who can Open?

            
Individuals, Group of Individuals, Proprietorship Firms, Partnership Firms, Limited Companies, Associations, Trusts, Societies, Corporate Entities, etc.
Account to be opened in (currencies) ZAR
Minimum period of Deposit 6 Months
Maximum Period of Deposit 60 Months
Minimum Deposit ZAR 5000 
Interest Rate(s) As per prevailing Interest rate
Calculation of Interest on daily product basis
Payment of Interest Upon maturity or monthly as agreed upon initially
Provision for Pre Mature Closure No
Pre Mature Closure Interest NA
Joint Account Operations Permitted
Provision for Marking Lien and sanction of loans against TDRs Yes