This term deposits offers compounded interest to maximise the return with maturities ranging from 1 year to 10 years. This account also facilitates the depositors to avail loan/overdraft against their deposits and also repayable on demand.
Indian citizens (individuals, joint accounts, HUFs, and minors with a guardian).
Rs 100.00 with no upper limit.
Identity and Address Proof (PAN/ Aadhaar/ Passport etc. ) of individual/proprietors/ partners as applicable.
Maximum 1 % on interest earned for remaining period of maturity.
As per IT rules.
As per term deposit table