Addition and deletion of names of depositors are allowed. Nomination facility is available. When needed, loans may be obtained against these deposits. Premature encashment of the deposit is also possible. The scheme ensures high rate of interest and complete safety of the deposited amount.
Interest is compounded at quarterly intervals.
The deposited amount gets either doubled or trebled at the end of the fixed period for which the deposit is accepted. With provision of premature encashment, the scheme is ideally suited to fulfil your dream of owning a house, buying a vehicle or ensuring your child's future. This Term Deposit earns high interest and simultaneously offers overdraft facility through a Current Account. The drawals together with interest can be paid back in instalments, without affecting the growth of the deposit. This unique combination of fixed deposit with cheque facility comes as your true friend in meeting your emergency needs.