Click here to download Time Deposit Rules pdf file
Any individual (a single adult or two adults jointly) can open an account.
Group Accounts, Institutional Accounts and Misc. account not permissible.
Trust, Regimental Fund or Welfare Fund not permissible to invest.
1 Year, 2 Year, 3 Year and 5 Year TD can be opened.
2, 3 & 5 Year TD Accounts can be closed after one year at a discount.
Rate of interest - 6.25%, 6.50%, 7.25%, 7.5% compounded quarterly for 1, 2, 3 & 5 years TD account respectively
Group Accounts, Institutional Accounts and Misc. account not permissible.
Trust, Regimental Fund or Welfare Fund not permissible to invest.
1 Year, 2 Year, 3 Year and 5 Year TD can be opened.
2, 3 & 5 Year TD Accounts can be closed after one year at a discount.
Rate of interest - 6.25%, 6.50%, 7.25%, 7.5% compounded quarterly for 1, 2, 3 & 5 years TD account respectively
Time Deposits
|
Type of Account
|
Minimum Deposit
|
Maximum Deposit
|
|
1, 2, 3 & 5 Year TD
|
Rs. 200/- and in multiples of
Rs. 200/- thereof. |
No limit.
|
