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Eligibility

  • Individuals (Singly or Jointly)

  • Minor by Guardian

  • Organizations

  • Co-operative Societies

Notes

  • The bank will not accept deposits beyond 10 years maturity.

  • AUTO RENEWAL OF TERM DEPOSITS
    Term Deposit will be renewed automatically. Auto-renewal is a separate and independent contract, at the Bank's prevailing interest rates on the date of auto-renewal, for the same period as the original deposit, till the receipt is presented for payment.

  • DIGC INSURANCE COVER FOR DEPOSIT
    All deposits of our Bank are covered under the insurance scheme offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) subject to certain limits and conditions.

Tenure

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Terms

Facility for Auto-renewal OR credit to Account on maturity date: Deposit will be renewed automatically as detailed below or may be credited to the account on maturity date, at the option of the account holder, as specified at the time of placing the Deposit.

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TDS: Tax will be deducted at source as per prevailing tax laws unless Form 15H/ 15G with PAN No.  (as applicable) is submitted to the Branch, at the time of making the receipt / auto-renewal and before the end of April, for every financial year, for the tenure of the Deposit.

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In the absence of instructions to the contrary, this Deposit receipt will be automatically renewed on maturity as detailed above.

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