Fixed Deposit Account:
Our Fixed Deposit scheme is the right option for those who
wish to invest their hard-earned money and get periodical income by way of
interest.
Features:
Scheme available at all branches
- Eligibility: Individual - Single Accounts, Two or more individuals in Joint
Accounts, Illiterate Persons, Blind persons, Minors, Joint Hindu Families, Sole
Proprietary Concerns, Partnership Firms, Limited Companies, Associations, Clubs,
Societies, etc. Trusts, Institutions/Agencies, Municipalities, Government and
Quasi-Government Bodies, Panchayats, Religious Institutions, Educational
Institutions (including Universities),Charitable Institutions
- KYC ( Know Your Customer) Norms for opening account are applicable for these
accounts also hence proof of residence and proof of identification will be
required along with recent photograph of the depositor/s
- Minimum amount that may be accepted for the scheme shall be Rs.1,000/-
- Type of Deposit - FDR/TDR
- Tenure - Minimum – 14 days , Maximum - Upto & including 10 years
- Rate of Interest - As applicable to our normal domestic term deposits
0.50% extra for Senior Citizens for deposit amount greater than 10000/-
0.50% extra for Minor Girl Child for deposit amount in multiple of 1000/-
- Premature Withdrawal – Allowed with penalty of 1% in the interest rate
applicable for the period for which amount remained with the bank. However, in
case of death of the depositor before the maturity of term deposit, levy of
penalty would be exempted and nominee/legal heir will be allowed premature
payment even before the lock-in-period as per rules. T&C Apply
- Advance Facility – Upto 90% of the deposit amount is allowed
- Nomination Facility – Available
- It is desirable that the Term Deposit account holders also maintain Savings
Bank accounts with the Bank so as to avoid inconvenience to the depositor to
call on the Branch to collect deposit amount.
Other Terms and Conditions:
- In the case of Joint Accounts, only the first named Depositor will be eligible
for deduction under Section 194A of the Income Tax Act.
- TDS norms will apply as per extant rules
*Terms & Conditions apply. For further details, Please contact your Nearest
Branch
Tabs of 499 and 999 days fd product of home page to be given here