Special Term Deposit

• This Product is varient of Term Deposits but instead of interest being paid out at a regular frequency during the period of deposit. Here it is the paid out only at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon. Invest Todoy through mobile Banking or by Visiting your nearest Branch.

Features →

• Minimum Period of Deposit- 6 Months
• Maximum Period of Deposit- 10 Years
• Available at all Branches
• Minimum Deposit Amount Rs. 1,000/-
• Maximum Deposit Amount : No Upper Limit
• A Deposit of Rs. 1 cr. and more is classified as bulk deposit.
• Nomination available in favour of individual only
• Transfer ability allowed among Bank Branches
• Term Deposit (together with interest) of Rs. 2,000/- and above shall not be paid in cash.
• Interest on a Deposit is quarterly and paid to the depositor at the end of the term.
• TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitting by the depositor for exemption from tax deduction as per IT Rules.

Loan Against Deposit is allowed with applicable margin as under:

Eligibility →

• Resident Individuals Singly or Jointly
• Minor (himself/herself or through Guardian)
• Hindu Undivided Families
• Sole Proprietorship Firms
• Partnership Firms
• Limited Companies
• Trusts Account
• Local Bodies and any other Governement Department

Terms and Conditions →

• Premature Closure Available