Term Deposit

Interest Payout Schemes:

  • Monthly, quarterly, half yearly.

Minimum Amount:

  • Rs. 1,000/- in lump sum and multiple of thereof.

Minimum Period:

  • One Year

Features:

  • Form 15H/ 15G required to be submitted for exemption of TDS. More importantly.

Pre Maturity /Redemption

  • In case of payment before the date of maturity 1% is deducted from the applicable rate of interest for the actual period for which deposit is kept with the bank.
  • It is recommended to avail credit facility against deposit rather than premature closure of Fixed Deposits.

For further details contact our nearest Branch or Leave us a Message