Term Deposits
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 The deposit can be withdrawn / renewed on maturity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

  • Features :
    Various schemes of Term Deposit
    I. Fixed Deposit (FD)
    1. Minimum deposit amount
    2. Minimum deposit Period : 15 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.
Rate of Interest

  • Varies period wise, product wise
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
Account Opening Form