Your deposits bring regular income i.e. monthly/quarterly/half yearly/yearly and supplement your earnings.

Key Benefits

1. This plan does not demand any extra formalities, as concerns overdrafts and withdrawals, hence enabling you to withdraw as much as 90% of the deposit amount.
   
   
2. Provides you the comfort of liquidity along with a security of your money being in safe hands.
   
   
3. An additional 0.50% interest for senior citizens.
   
   
4. Provision for nomination.

Terms & Conditions

1. Deposit account can be opened with minimum amount of Rs. 1,000/- and subsequent deposits in multiples of Rs.100/-.
   
   
2. Minimum period of deposit is 12 months, extending to a maximum of 120 months.
   
   
3. Interest on your deposit credited on quarterly basis.
   
   
   
4. On pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.
   
   
5. Interest payments are subject to TDS (Tax Deducted at Source).
   
   
6. Documents required:
   
   

• # As per Annex-I
• # IT Declaration (Form 60/61)

7. Nomination facility available.

 

8. KYC Norms.