POWER PLAY 600
Salient Features of the SUCO POWER PLAY 600 Scheme are as follows:
Interest Rate: 9.75% per annum.
Lock-in period and Pre-Closure Penalty: The lock-in period for the deposit is 180 days, and a pre-closure penalty of 2% applies after the expiry of the lock-in period.
Minimum Deposit: The minimum deposit under this scheme is Rs.10,000/-. Customers can choose to invest higher amounts as per their convenience in multiples of thousands.
Rate on Loan against FD: For customers who opt for Loan Against FD opened under the new scheme, they can avail it at an interest rate of 2% over and above the rate applicable on the FD.