Products > Accounts & Deposits > Term Deposit

TERM DEPOSITS

Term Deposit: Our Bank offers Term Deposit for investment of lump sum amount to avail guaranteed returns, choice of interest payout, liquidity in single/jointly along with premature withdrawal facility.

Salient Features & Advantages:

•    Payment of interest will not be at discounted rate, it will be at contracted rate irrespective of change in

     the rates there after.
•    Minimum amount of deposit must be Rs.1,000/-
•    The deposit can be placed for 7 days to 10 years
•    Senior Citizens are offered additional interest.
•    Nomination facilities are available for this scheme

•    TDS is applicable for the deposit