Brief features of the product:
| 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 |
| Maturity Option | The interest shall be compounded on quarterly basis and is payable on maturity of deposit. The interest inflow in the account shall be on every calendar quarter end i.e. 31/3, 30/6, 30/9 & 31/12. The incomplete quarter of such deposit shall be reckoned at the end, for the purpose of calculation of interest. |
| Deposit Amount | Minimum deposit of Rs.100/- and thereafter in multiples of Rupee one (Re.1/-) with maximum amount of Rs.1,99,99,999/-. |
| Period of Deposit | 6 months to 120 months (not in less than 180 days and thereafter in months & days), even for incomplete quarters. |
| Interest | Card Rate as per guidelines issued by HO: IRMD, ALM Cell from time to time. Interest is compounded quarterly and is payable on maturity of the deposit. |
| Demand Loan/Overdraft facility | Deposits for Rs.10,000/- and above on written request shall be eligible for Demand Loan/overdraft facility. |