• Depositors are allowed to draw interest on monthly / quarterly / or on maturity.KYC norms are to be strictly fulfilled. Customers are required to furnish ID / Address proof as minimum requirement under KYC.
  
  
• The minimum amount fixed is Rs. 1000/-
  
  
• Proceeds of term deposit a/c along with interest if comes to below Rs. 20,000/-, Bank may make payment by cash or if it is over Rs. 20,000/- by means of Bankers cheque / draft / transfer to party’s account.
  
  
• With regard to payment of interest rates on matured deposits, Bank may pay interest as applicable as on the exact date of renewal of deposit plus interest at Savings Bank rate for the lapsed period over 14 days. In case deposit is renewed with in 14 days from the date of maturity, interest may be paid at the rate as applicable as on the date maturity of the deposit.
  
  
• All persons aged 60 years and above are to be treated as Senior Citizen are made eligible for additional interest of 0.5 % over the rate applicable to the particular period of deposit.
  
  
• Depositors are to be provided with nomination facility for all types of deposits.
  
  
• All deposits are covered with Deposit Insurance Corporation where by the deposits of the customers are covered with Insurance to a maximum extent of Rs. 1.00 lakh only.
  
  
• Term Depositors are provided with provision for premature withdrawal facility, however with a clause to charge penalty for such closure.
  
  
• Tax Deducted at Source is applicable as per Income Tax rules for all term deposit accounts.
  
  
• Term deposit account holders are allowed to avail loan against the security of their deposits by way of lien which is to be repaid in lumpsum or installment basis on or before the maturity of the deposit. Interest payable on such deposits may be credited to loan account. The rate of interest on such loans granted against the deposits of the depositors will be a minimum of 1 % over and above the rate of interest payable on deposits.
  
  
• Payment of interest on monthly basis is allowed for term deposits with discount.
  
  
• Bank may accept deposits from the depositors to be kept for a certain fixed periods ranging from 31 days to 120 months.
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Note : Senior Citizen (Over 60 Years) only.