Interest payable quarterly or monthly at discounted value. Provision for authorisation to pay interest at any one in India. The period of deposit ranges from 6m to 10 years. Loan facility is available against the security of the deposits. Deposit receipt can be kept in Bank safe custody and automatic renewal is available on maturity.
Interest is compounded quarterly.
Safe custody facility, loan facility and automatic renewal facility on maturity. Nomination facility is available to all the above schemes.