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Features:
- Applicable to Internet Banking Users only.
- For existing customer having operative Saving / Current Account.
- The mode of operation, nomination & Sr. Citizen preferential rate shall remain the same from which the recurring deposit is to be funded.
- Acceptance of terms & Conditions is mandatory prior to issue of e-RD.
- e-RD will be issued to only those wherein the valid PAN document is held in the funded account. Tenor of Deposit would be as per respective scheme as displayed on Banks` website.
- Nomination will continue to be same as in the funded account
- Proceeds on maturity shall be credited in the account through which the term deposit was funded.
- Parent branch to be visited for closure/pre-mature closure of e-RD account
- Rate of interest would be Card rate (LINK) as applicable to the tenor of deposit as displayed on website, subject to change from time to time.
- Nomination facility is available..
- TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.
