https://www.taxtmi.com/news?id=4586 Banks may classify single Rupee term deposits of a prescribed large size as bulk deposits and may offer uniform or differential interest rates for such bulk deposits of the same maturity. For deposits below that threshold the same rate must apply for the same maturity. Banks must disclose in advance the schedule of interest rates and ensure payment as per the schedule. Banks may determine penal rates for premature withdrawal and may disallow premature withdrawal of bulk deposits if notified at acceptance; deposits below the bulk threshold must be allowed premature withdrawal on request subject to penal rates. en-us Thu, 24 Jan 2013 18:51:47 +0530 Thu, 24 Jan 2013 18:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4586 Banks may classify single Rupee term deposits of a prescribed large size as bulk deposits and may offer uniform or differential interest rates for such bulk deposits of the same maturity. For deposits below that threshold the same rate must apply for the same maturity. Banks must disclose in advance the schedule of interest rates and ensure payment as per the schedule. Banks may determine penal rates for premature withdrawal and may disallow premature withdrawal of bulk deposits if notified at acceptance; deposits below the bulk threshold must be allowed premature withdrawal on request subject to penal rates. News - Thu, 24 Jan 2013 18:51:47 +0530 https://www.taxtmi.com/news?id=4586