Invest your lump sum amount in Term Deposit and avail of features like guaranteed returns, choice of interest payout, liquidity through OD or premature withdrawal. Invest today by visiting your nearest branch.
- Payment of interest at Monthly/Quarterly/Calendar quarter basis as per your requirement.
- Payment of Monthly interest will be at discounted rate. Interest will be paid at the contracted rate irrespective of change in the rates thereafter.
- Senior Citizens get 0.25% extra interest rate for amount above Rs 10,000/-
- Tenure : 14 days to 10 years.
- Minimum Deposit is Rs.1000/-
- Maximum Deposit : No Limit
- Loans upto 70% of the Principal deposit. For details please visit Loan Against Time Deposit
- Nomination facility available
- Premature Withdrawal is Available.
- TDS at prevalent rate is deducted at source if Form 15G/15H not submitted.
- Flexibility to convert Term Deposit (regular interest payout) to STDR (cumulative interest payout) and vice versa.
- Automatic renewals will take place only where there is no maturity instructions recorded at the time of opening the Term Deposit account or any time before maturity of deposit.
Terms and Conditions