ELIGIBILITY

Individual, Joint (not more than 4), a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution

INVESTMENT

Minimum Rs.1000/-
Maximum - No ceiling
(Can be deposited in odd amount also)

PERIOD OF DEPOSIT

Minimum 5 months
Maximum 120 months
(can be for odd period also)

INTEREST RATE

Depending upon the periodicity of the deposit

PERIODICITY OF INTEREST PAYMENT

On Maturity

SPECIAL RATE FOR SENIOR CITIZEN

Additional 0.50% rate of interest uniformly across all maturities, irrespective of the size of the deposit over & above the rate offered for General Public.

TDS

Applicable

NOMINATION FACILITY

Available

LOAN FACILITY

Available upto 90% of the deposit amount

PENALTY FOR PRE-MATURE CLOSURE

Penalty of 1.00% on Domestic and NRO deposits that are accepted/renewed on or after 04.02.2011

EXTRA FACILITY

· Facility of part withdrawal of deposits in units of Rs.1000/- keeping the rest of the deposit to earn contracted rate of interest, available.

· Interest compounded quarterly

APPLICATION & DOCUMENTS

Application Form
Form 60 or 61 (if customer does not have PAN Card)
Photograph of depositor/s (2 copies)
Proof of address as per KYC Norms
Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc