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

PERIOD OF DEPOSIT

Minimum 15 days (7-14 days – Only for single deposit of Rs.5 lakhs and above)
Maximum 120 months

INTEREST RATE

Depending upon the period of the deposit as prevailing from time to time.

PERIODICITY OF INTEREST PAYMENT

Monthly (at discounted rates), Quarterly, Half-yearly or Annual intervals as per depositor's choice

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 ON INTEREST

Applicable

NOMINATION FACILITY

Available

LOAN FACILITY

Available upto 90% of the deposit amount

PENALTY FOR PREMATURE CLOSURE/ PART WITHDRAWAL / PREMATURE EXTENSION OF DEPOSIT:

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.

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