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.
Repayment of the loan can be done through remittance from abroad and with local funds. Loans can be given to third parties also on the security of the deposit. Maximum loan amount is Rs. Loans for other than outright purchase will be disbursed in stages depending on progress of work. Period of the loan is up to 15 years.