- Eligibility - Individuals & HUFs having PAN Numbers
- Minimum Deposit - Rs.10,000/-
- Maximum Deposit - Rs.1,50,000/- p.a.
- Type of Deposit - FDR/MIC/QIC/DBD
- Tenure - Minimum - 5 years , Maximum - Upto & including 10 years
- Rate of Interest - As applicable to our normal domestic term deposits
0.50% extra for Senior Citizens - 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
- Advance Facility - Not available for a period of 5 years from the Date of Deposit
- Applicability - All branches in India
- Nomination Facility – Available
- Other Benefits - Tax Exemption u/s 80c of the Income Tax Act
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
Other terms & 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 a Term Deposit applied for and held by or on behalf of a Minor.
- The Term Deposit shall not be pledged to secure a loan or as security to any other advance.
- TDS norms will apply as per extant rules
- Other terms and conditions as applicable to normal Term Deposits.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
This is a preliminary calculation and is not the final offer
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