Product - Short Term Deposit
This Deposit will suit the depositors those who intend to invest for short term and earn higher interest rate than Savings Bank A/c.
i. Under the scheme deposits will be accepted for a minimum peri of 7 days to a maximum period of 180 days.
ii. Premature withdrawals are allowed, with penalty on interest earned (Premature renewal of Deposit for a longer period will not be penalized)
iii. Loans/ Overdraft facility (upto 85% of deposit amount) against deposits are available
iv. Auto renewal facility on maturity of the deposit for original period of deposit, in the absence of disposal instruction is available.
v. TDS is applicable as per I.T Rules
For Know your customer Guidelines : click here
For present Interest Rates : click here
For Nomination Facility : click here