| PARAMETERS | FEATURES* |
| Eligibility | ➔ Individual (singly or jointly) with others ➔ Minor who have attained the age of 10 years and above in his own name on giving proof of age ➔ Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body ➔ Hindu Undivided Family ➔ Association, Club, Society, Trust or Religious/Charitable or Educational Institutions ➔ Municipality or Panchayat, Government or Quasi-Government Body Illiterate and blind persons can also open the account. |
| Deposit Amount | Minimum deposit of Rs.1000/- and in multiples of Rs. 1000/-, up-to Rs. 1,99, 99,000/- |
| Period of Deposit | From 1 year to 10 years, even for incomplete quarters. |
| Interest | • Card Rate as per guidelines issued by HO: IRMD, ALM Cell from time to time. • Interest shall be payable monthly (at discounted rate), quarterly (at simple rate) and yearly interval (quarterly compounding). |
| Demand Loan/Overdraft facility | • Deposits for Rs.10, 000/- and above on written request shall be eligible for Demand Loan /overdraft facility. |