Common Features

  • Minimum Period of Deposit.

    • 30 days for all fixed deposits.
    • 1 year for Cash Certificates and Recurring Deposits.

  • No penalty for Premature Withdrawal of Term Deposits.
  • Loan / Overdraft facility available against all the Term Deposits upto 90 % of the deposit amount.
  • Minimum Deposit Amount.

    • Rs. 100.00 for Fixed Deposit and Cash Certificates.
    • Monthly installment of Rs. 50.00 and in multiples of Rs. 10.00 there onwards for Recurring Deposits.

  • Nomination facility available for all deposits.
  • Total deposits of a customer upto Rs. 1,00,000.00 is insured under Deposit Insurance & Credit Guarantee Corporation of India, Mumbai.
  • Due date for RD installment payment : On any day of the calendar month (On or before the month end) subject to a condition that the last installment be paid on or before the due date of the month.
  • Penalty for the default in payment of RD/NYD monthly installment.

    • A/c of period 5 years and Less – Rs. 1.50 per Rs.100.00 per month.
    • A/c of period 5 years and above – Rs. 2.00 per Rs. 100.00 per month.