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 90% 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