Rules about minimum/maximum amounts and rate of interest
Amount: An applicant needs to deposit a minimum amount of Rs. 1,000, or in multiples thereof. However, the maximum deposit must not exceed Rs. 1,50,000 in a year.
ROI: The rate of interest, under this scheme is the same as fixed/term deposits. The prevailing interest rate is 6.25% (for general depositors), and 6.75% (for senior citizens), for retail deposits below Rs. 2 crore.