Term Deposit:Our Bank offers Term Deposit for investment of lump sum amount to avail guaranteed returns, choice of interest payout, liquidityin single/joint name/s along with premature withdrawal facility.
Salient Features & Advantages:
- Payment of interest will not be at discounted rate, it will be at contracted rate irrespective of change in the rates there after.
- Minimum deposit must be Rs.1,000/-
- The deposit can be placed for 7 days to 10 years
- Senior Citizens are offered additional interest varying from0.25% to 0.50 % for the deposit
- Nomination facilities are available for this scheme
- TDS is applicable for the deposit