TERMS AND CONDITIONS
- Minimum deposit with specific maturity amount of Rs25,000/- and further multiples of Rs. 5000/-
- Period of deposit – 24 months.
- Overdraft against deposit provided on demand up to 90% of deposit amount without any guarantor.
- Loan against deposit provided on demand up to 95% of deposit amount without any guarantor.
- In case of premature payment, interest rate payable on Savings Bank Deposit on the value date of receipt will be paid.
- Accepted as margin for non-fund based facility
- Accepted as collateral for overdrafts and loans
- Rate is fixed.
- Payment of interest at the time of maturity.
- An additional interest at 0.50% for Pensioners under Social Security System.