1 | Individual in personal capacity can open. |
2 | Individuals in joint names can open. |
3 | A minor with natural guardian can open. |
4 | Application form necessary. |
5 | Rate of interest as applicable to F.D rates. |
6 | Minimum deposit amount Rs.100 and in multiples of Rs.100. |
7 | Minimum Period 6 months. |
8 | Loan and nomination facility. |
9 | Facility of pre-mature payment. |
10 | TDS applicable on interest over Rs.40,000/- for individuals per year and Over Rs.50,000/- for Senior Citizens. |
11 | Monthly deposit of instalments. |
12 | Monthly instalments can be transferred from Savings Bank / Current Account. |