• Simple investment product which offers safety, liquidity, flexibility and assured returns.
• FD can be opened for minimum amount of ₹10,000.
• Choose from flexible tenure ranging from seven (7) days to ten (10) years
• Instant opening through both iMobile and internet banking.
• Overdraft (OD) against FD up to 90% on principal plus accrued interest
• Option of premature/partial withdrawal for urgent funds requirement

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Now get an exclusive additional interest rate of 0.10% on your Fixed Deposits above 5 years tenure

• Resident Senior citizen customers, will get an additional interest rate of 0.10% for limited time over and above existing additional rate of 0.50%
• Scheme applicable from 20th May, 2020
• The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period.
• Eligible FD tenure: 5 years 1 day up to 10 years
• Applicable on single FD of amount < 2cr
• Premature withdrawal: In case deposit opened in above scheme is prematurely withdrawn/closed after, on or after 5 years 1 day, the applicable penal rate will be 1.10%. In case the deposit opened in above scheme is prematurely withdrawn/closed before 5 years 1 day, the prevailing premature withdrawal policy will be applicable.
• In case any Fixed Deposit opened or renewed under this scheme is prematurely withdrawn/closed before five years and one day, the prevailing premature withdrawal policy is applicable.
• All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.

The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities.

Features:

• Minimum balance in the Savings/Current Account should be ₹15,000 to generate a linked FD request.
• The linked FDs will be under the same Customer ID and will be for a minimum tenure of 1 year for Savings Account customer.
• All FDs linked to the account will be enabled for automatic reverse sweep when the balance in the Savings Accounts falls below ₹10,000 for individual customers.
• FDs will be broken in Last-In, First-Out (LIFO) basis for reverse sweep.
• The Fixed Deposit will be opened in auto renewal mode. The deposit will be renewed for the same tenure as the original tenure.
• The interest rate on such Fixed Deposit will be the rate applicable for the respective period, prevailing as on the date of such auto renewal

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