Skip to content
Brief features of the product:
- Individual (singly or jointly) with others.
- Minor who have attained the age of 10 years and above in his/her own name on giving proof of age.
- Minors below the age of 10 years under guardianship of Natural/legal guardian.
- In this names of entities other than Individuals such as firms, clubs, asociations, trusts, educational institutions, Municipal Corporations, Panchayat,Govt. and quasi-Govt.bodies, Co-operative societies, religious or charitable institutions, HUFs and Corporate etc.
- A depositor has to choose a core monthly installment with a minimum of Rs.100/- or above with a capping on maximum amount. The monthly installments during the tenure of the deposit account shall not exceed ten times of such core amount in any month.
Terms & Conditions:
- 6 months to 60 months.
- No Penalty for late deposit.
- Loan/ Overdraft against deposit is available. For detail, please refer to loan against term Deposit
- Rate of interest would be Card rate as applicable to the tenor of deposit as displayed on website, subject to change from time to time.
- Interest will be paid half yearly calculated on daily product basis.
- Nomination facility is available.
- TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.
