Features & Benefits

• Deposit can be opened for period ranging from 1 Year to 10 years.
• Interest is paid at monthly/quarterly/half-yearly rests.
• Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank. If closed within one year no interest will be paid.
• Loans against deposit allowed upto limits prescribed on the basis of the residual maturity period, with interest @ only 2% above deposit rate.
• Accounts can be opened for minimum for RS. 1000/- . No maximum limit.
• No Income Tax applicable
• Nomination Facility available
• Auto renewal facility available