|
Especially
yours
Our Special Term
Deposit
Earns interest on interest !!!!
Yes, interest on our Special
Term Deposit Schemes is compounded each quarter.
The interest yield at maturity works out to be more than that
quoted on the Deposit.
| Product |
SPECIAL
TERM DEPOSIT |
| Eligibility
|
Open
to All.
|
| Style
Of Account |
For
Individuals – Singly or Jointly payable to
‘E
OR S’, ‘F OR S’, ‘L OR S’ OR Payable Jointly |
| Segment |
All
Segment |
| Availability
of the Scheme |
At
all our Branches |
| Amount
Of Deposit |
Min
Rs.1000/- and multiples of Rs.100/- no Max limit |
| Period
of Deposit
|
6 Months to 120
Months |
| Rate
of Interest
|
As
applicable to the term of the Deposit.
The
interest is compounded every quarter and paid on Maturity.
|
| Nomination |
Nomination
facility is available for all individual Accounts |
| Transfer
of Account. |
Permitted |
| Premature
Payment |
Premature
payment is permitted with or without penalty as applicable |
| Loan
Facility |
Loan
is permitted in the form of Demand Loan OR Cash Key |
| Tax
Deduction At Source
|
TDS
is applicable as per IT Rules.
|
| Renewal
|
Auto
renewal of the Deposit on Maturity
|
Click here
for account opening form
|
