A Scheme for long term savings investments, with Income Tax Benefits


Individuals & HUFs having PAN Numbers

Minimum Deposit


Maximum Deposit

Rs.1,50,000/- p.a.

Type of Deposit



  • Minimum-5 years
  • Maximum-Upto & including 10 years

Rate of interest

As applicable to our normal domestic term deposits

Premature withdrawal

Not permitted upto 5 years. 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


All branches in India

Nomination Facility


Advance Facility

Not available for a period of 5 years from The Date of Deposit

Other Benefits

Tax Exemption u/s 80c of the Income Tax Act

Other Terms and Conditions

  • In the case of Joint Accounts,only the first named Depositor will be eligible for deduction under Section 80c of the Income Tax Act.
  • No nomination shall be made in respect of aTerm Deposit applied for and held by or onbehalf of a Minor.
  • The Term Deposit shall not be pledged tosecure a loan or as security to any other advance.
  • Other terms and conditions as applicable to normal Term Deposits.