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What is the rate at which interest shall be calculated for the overdue Recurring Deposits (“RDs”) and how shall the interest be credited?

For the overdue period the interest is calculated as per the prevailing Saving Account Interest Rate. However, the interest shall be credited / deposited in the Recurring Deposit Account (“Account”) as per the applicable rate of interest at the end of each calendar quarter. At the time of closure of the Account the rate of interest for the overdue period shall be revised as per the prevailing Saving Account Interest Rate and any excess interest credited for the overdue period shall be adjusted at the time of closure of the Account.