With a wide variety of options to suit different needs, including Short Term Deposit, Reinvestment Deposit, Simple Fixed Deposit and Monthly Income Plan, they can be opened by individuals, proprietors, partnership and limited companies, societies, clubs, associations and HUFs.
In case you need to withdraw amounts in excess of what is available in your transaction account, we will break your deposit for the exact amount you require. The rest of the deposit continues earning the original high interest.
- Tenor ranges from 15 days to 5 years (For deposits of Rs. 15 Lakhs and above, minimum tenor is 7 days)
- Minimum amount of first deposit is Rs.50,000. Subsequent deposit can be made of a minimum value of Rs.10,000 and in multiples of Rs.1,000 thereafter
- Options of simple interest and compound interest
- Auto renewal facility
- Overdraft facility available against deposit
- Preferential rates given for large value deposits of Rs.15 Lakhs and above
