Term Deposit
Short Term Deposit Scheme
Deposit maintained for Minimum 7 days to Max. 364 days are categorized as Short Term Deposit.It attracts various type of Interest rate for different time bucket. Attracts Simple Interest rate but more than the Interest Rate of SB Account.
Who can Invest : Any Indian Resident can open the account.
Premature Withdrawal: Allowed. With applicable Interest Rate for the period.
Nomination: Available
Loan Facility: Available. 90% of principle amount.
T.D.S.: Applicable as per norms.
Loan Facility: Available. 90% of principle amount.
Renewal of Deposit: Auto Renewal facility available.
Fixed Deposit Scheme
Deposit maintained with 1 complete year and above upto 10 years are categorized as Fixed Deposit.It attracts various types of Interest rate for different time bucket with accumulation. Attracts Compound Interest . Fixed and assured Maturity amount.
Who can Invest : Any Indian Resident can open the account.
Premature Withdrawal: Allowed. With applicable Interest Rate for the period.
Nomination: Available
Loan Facility: Available. 90% of principle amount.
T.D.S.: Applicable as per norms.
Renewal of Deposit: Auto Renewal facility available.
QIRD Deposit Scheme (Cumulative)
Deposit maintained with 1 complete year and above upto 10 years are categorized as Fixed Deposit. It attracts various type of Interest rate for different time buckets with Quarterly interest accumulation. Attracts Compound Interest. Fixed and assured Maturity amount.
Who can Invest :Any Indian Resident can open the account.
Premature Withdrawal:Allowed. With applicable Interest Rate for the period.
Nomination:Available
Loan Facility: Available. 90% of principle amount.
T.D.S.:Applicable as per norms.
Renewal of Deposit:Auto Renewal facility available.
MPID Scheme (Monthly Interest Payment)
Deposit maintained with 1 complete year and above up to 10 years are categorized under the scheme. It attracts various type of Interest rates for different time buckets with Monthly interest payment. Payment of interest is on discounted rate basis. It is like a Pension Scheme.
Who can Invest :Any Indian Resident can open the account.
Premature Withdrawal:Allowed. With applicable Interest Rate for the period.If Excess interest Is paid will be recovered from the premature payment.
Nomination:Available
Loan Facility: Available. 90% of Face Value. Monthly payout of Interest is credited in loan account
T.D.S.:Applicable as per norms.
Renewal of Deposit:Auto Renewal facility available.