| Eligibility | Individual, , a Guardian on behalf of a minor. |
| Investment | Minimum Rs.1000/- Maximum – No ceiling (Can be deposited in odd amount also) |
| Period of Deposit | Minimum 3 months Maximum 120 months |
| Interest Rate | Depending upon the period of the deposit as prevailing from time to time. Interest compounded quarterly. |
| Periodicity of Interest Payment | On Maturity |
| Special Rate for Senior Citizen | Additional interest rate of 0.50% will be paid for domestic term deposits ,over and above the rate offered for General public.
In case of death of the Senior Citizen before the date of maturity, the deposit may be continued with the contracted interest rate only if there is no change to the other contracted terms. |
| TDS | Applicable |
| Nomination Facility | Available |
| Loan Facility | Available upto 85% of the maturity value of deposit on the date of Loan. |
| Penalty for Premature Closure / Part Withdrawal/Premature Extension of Deposits : | A penalty of 1.00% shall be levied for premature closure/part withdrawal/premature extension of Domestic For premature closure/part withdrawal/premature extension of Domestic, the Bank imposes a penalty of 1.00%. Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at 1.00% below the rate as applicable for the relevant amount slab as ruling on the date of deposit and as applicable for the period run OR 1.00% below the rate at which the deposit has been accepted, whichever is lower.” |
| Overdue Products | The deposit will not be renewed automatically from the date of maturity for a similar period at the interest rate prevailing on the date of maturity for the original period of deposit If a Domestic Term Deposit matures and proceeds are unpaid, the amount left unclaimed with the Bank shall attract rate of interest as applicable to saving account or the contracted rate of interest on the matured Term Deposit, whichever is lower. |
| Application & Documents | Application in the Banks’ prescribed form. Copy of PAN Card/Form 60 or 61(if customer does not have PAN Card). Photograph of Depositor/s (2 copies). Proof of Identity and address as per KYC Norms. Any other related documents as applicable to proprietor ship concern,. |