All conditions detailed above for Special Term deposits apply for Cash Certificate Deposits. On maturity a round sum viz Rs. Excellent for long term deposits. A recurring deposit scheme. Fixed sums are deposited every month for a fixed period.
Compound interest is payable at the same rates as applicable to other term deposits.
Cheque book facility is available. Demand loan facility Similar to Cash Key facility except that only one time withdrawal permitted. Available in Indian rupees against NRE, NRO, FCNR, NRNR deposits. Interest will be charged only on the amount drawn. Interest is compounded quarterly.