This product is a variant of Term Deposits but instead of Interest being paid out at a regular frequency during the period of deposit; here it is paid out only at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon. Invest today by visiting branch

 Minimum Deposit

 Rs. 1000/-

 Maximum Deposit

 No Limit

 Rate of Interest

 As applicable to Term Deposits with Quarterly compounding. Paid out on maturity only.

 

 Tenure

 Minimum 6 month and maximum 10 years

 Premature Withdrawal

 Available

 Loan Facility

 Loans / OD up to 85% of the Principal deposit

 Nomination Facility

 Available

 TDS

 Applicable

 Others

 Automatic renewals will take place only where there are no maturity instructions recorded    at the time of opening the Term Deposit account or any time before maturity of deposit