Term Deposits - FAQs
The minimum tenor for retail term deposit is 7 days.
Mon, 4 May, 2020 at 4:37 PM
The minimum amount is Rs.1,000/- under Retail Term Deposit.
Mon, 4 May, 2020 at 4:40 PM
Interest on Fixed Deposits will be applied quarterly in case of Quarterly Interest Deposits, Double Benefit Plan & Tax Saving Fixed Deposits.
Mon, 4 May, 2020 at 4:48 PM
The Interest Rates on term deposit of the bank is subject to change from time to time and the same is provided on the website of the Bank (link shown below)...
Mon, 4 May, 2020 at 4:50 PM
Interest on Fixed Deposits will be applied quarterly in case of Quarterly Interest Deposits, Double Benefit Plan & Tax Saving Fixed Deposits. Interest...
Tue, 12 May, 2020 at 5:03 PM
The applicable interest rate as indicated in the interest table is applicable for all options of interest pay-out except monthly (discounted) interest payme...
Mon, 4 May, 2020 at 4:54 PM
Normal Term deposits are not exempt from tax and Interest on Term Deposits is subject to Tax Deduction at Source as per extant Tax laws. Tax Rebates ar...
Mon, 4 May, 2020 at 4:55 PM
Yes, an additional mark-up for Senior Citizen Interest rates is applicable in case of deposits kept for 12 months or above. Please check Bank’s website for...
Sat, 9 May, 2020 at 6:36 PM
For opening of a Term Deposit Account for the first time, the duly filled and signed Account Opening Form (AOF), Customer Details form (CDF) with photograph...
Mon, 4 May, 2020 at 5:01 PM
No, You just have to submit the Account Opening form which contains the details of your deposits like amount, period, nomination and instructions for intere...
Mon, 4 May, 2020 at 5:03 PM