Features & Benefits

• Minimum – Rs 50/- per month (in multiples of Rs 50/-). No ceiling on maximum amount.
• Deposit can be opened for period ranging from 1 Year to 10 years.(In multiples of 3 months)
• Standing instruction facility will enable automatic transfer of installment amount from your NRE/NRO savings account
• Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
• Premature closure is allowed at any point of time with a [email protected]% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
• Loan facility is available for Reccuring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
• TDS applicable as per the extant IT guidelines.
• Nomination Facility available