This is an ideal scheme for those who are in need of a lumpsum amount after a particular period and do not need periodical interest.
Under this scheme, quarterly interest accrued is ploughed back so that the deposit earns compound interest at quarterly intervals.
- Minimum ₹100 and in multiples of ₹100 thereafter.
- Maximum -No Limit.
- Minimum 6 months.
- Maximum 120 months.
- Deposit Receipts for fresh/renewal of Term Deposits will be generally issued on the same day.
Loan Facility:
- Available as per the prescribed rules of the Bank.
Nomination Facility:
- Available.
- Available as per the prescribed rules of the Bank. (Refer other terms &conditions)
