Term Deposits - FAQs
Your deposit will be auto renewed. If a deposit of tenure of 6 months & above has matured and if no instruction for renewal is received from the depos...
Tue, 12 May, 2020 at 4:21 PM
Yes. On premature closure of Fixed Deposit, a penalty @ 1% p.a., shall be levied for closure of existing Fixed Deposits before due date (i.e. rate applicabl...
Tue, 12 May, 2020 at 4:26 PM
No penalty will be levied for premature closure in case of death-claims.
Tue, 12 May, 2020 at 4:27 PM
You can. However, a penalty for PREMATURE RENEWAL will be levied at the rate of interest applicable for the period run, minus 0.25%, provided that the depos...
Tue, 12 May, 2020 at 4:30 PM
Maturity/Closure proceeds of a Fixed Deposit Account are paid through: Transfer to an account with Bharat Bank or another Bank Payorder / Demand Draft
Tue, 12 May, 2020 at 4:34 PM
The deposits in the Bank are insured with DICGC for an amount of Rs 5 lakhs (principal + interest) per depositor.
Tue, 12 May, 2020 at 4:36 PM
TDS on interest projected for the Financial Year shall be deducted in accordance with the provisions of the Income Tax Act, 1961. If the depositor is unable...
Tue, 12 May, 2020 at 4:40 PM
Bank computes interest on its Domestic, NRO & NRE deposit accounts based on the actual number of days in a year (i.e 366 days in a leap year and 365 day...
Tue, 12 May, 2020 at 4:44 PM
Depositor can request for PART WITHDRAWAL of the FD amount in multiples of Rs.1,000 or any such amount as notified by the bank from time to time.
Tue, 12 May, 2020 at 5:05 PM
Depositor can request for a loan against the security of the deposit together with the interest accrued thereon as per the terms & conditions prevailing...
Tue, 12 May, 2020 at 5:07 PM