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Is there any cut-off time or effective time for Fixed Deposit placement and change maturity instruction?

April 26, 2017Cut-Off deposit effective fixed instruction maturity placement time

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Is there any cut-off time or effective time for Fixed Deposit placement and change maturity instruction?

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Yes. You can only perform Fixed Deposit placement, renewal and changing maturity from 9:00 am to 5:30 pm (Mondays to Fridays) and from 9:00 am to 1:00 pm (Saturdays) excluding Public holidays. For changing maturity instruction, the instruction must be submitted at least one business day before the maturity date. Please note that all interest rates quoted in “Rate Enquiry” are for reference only. You will be notified of the actual rate prior to your final confirmation of the transaction.