Term Deposit is a cash investment held at a bank where you can park a lump sum amount for a fixed period of time over agreed rate of interest. With Term Deposits, you can avail great features such as best ROI, Guaranteed Return and much more.
Rate of Interest - Click Here
Purpose - Deposits kept for a fixed period of time. The time period of the deposit is decided at the time of opening of new deposit account. The deposit can be withdrawn / renewed on maturity.
Features -
Various schemes of Term Deposit
I. Fixed Deposit (FD)
1. Minimum deposit amount
2. Minimum deposit Period : 07 days
3. Interest can be paid on maturity or
4. Quarterly as instructed by customer
II. Monthly Income Plan (MIP) :
Interest on Deposit paid monthly / quarterly as opted by the customer. The amount cans the paid by payoder or transferred to his/her account.
III. Recurring Deposit (RD)
A fixed amount is to be deposited every month. The deposit period can be fixed to 12 months and in multiples of the same
IV. Dam Duppat :
On maturity get double the amount of the amount deposited.
Avail Loan Upto 80% of the present value of your term deposit Eligibility :
The Account can be opened by
1. Individuals
2. Two or More Individuals
3. Guardians on behalf of minor
4. Partnership Firm, company, association.
Documents Required
1. Duly filled Account opening form using rubber stamp wherever required
2. K.Y.C form
3. 2 nos Photographs (Passport Size)
4. Introduction
5. PAN Card
Residential Proof any one of the following
1. Ration card
2. Electricity Bill (Bring Originals for verification)
Photo + Residential proof
1. Passport
2. Election Identity card
3. Aadhar card
4. Driving License (Bring Originals for verification)
Additional Documents for Institutions/Trust/Club /Associations / Co-op soc. / Local Bodies
1. Certified copy of Partnership/Trust deed
2. Registration Certificate
3. List of office bearers / Trustees incase of Societies /Associations/Clubs/Trusts
4. Certified copy of Resolution
