Features & Benefits

• Deposit can be opened for period ranging from 1 year to 10 years. (In multiples of 3 months)
• Accounts can be opened for minimum RS. 1000/- with no maximum limit.
• Earn Interest on Interest.
• Re-investment deposit plan that multiplies your money quickly. Apart from safety and liquidity, it offers you the highest growth option
• 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.
• Loans against deposit are allowed upto limits prescribed on the basis of the residual maturity period, with interest @ only 2% above deposit rate.
• TDS applicable as per the extant IT guidelines.
• Nomination facility available
• Auto renewal facility available.