Features

    Personal

• You can make a minimum investment of Rs.10,000 and maximum Rs.100,000 in the Tax-Saver FD.

Choice of investment plan

Traditional

• Interest payable monthly or quarterly as per your convenience.

Reinvestment

• Interest is compounded quarterly and reinvested with principal amount.

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Duration of your Investment

• The duration of your investment will be 5 years.
  

Nomination

• Nomination facility available for bank deposits.
• There can be only one Nominee for a deposit account whether held singly or jointly.
• A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
• Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
• The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
• For more details approach your bank.

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***As per the Term deposit scheme, 2006, issued by the Central Government of India, the above Fixed Deposit scheme will not have the following facilities: Premature withdrawal, Loan against Fixed Deposit and Auto-renewal facility.