Products > Accounts & Deposits > Term Deposit
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
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