Money Multiplier FD
The Money Multiplier feature gives you the liquidity of a Savings Account, coupled with the high earnings of a Fixed Deposit. This is achieved by linking your Fixed Deposit (FD) Account with your Savings Account.
Your money is never idle. Creating a linked FD ensures a higher rate of interest on your Savings Bank Deposit
Under this facility, when your deposits are due, the Bank will automatically renew the principal and the accrued interest for the same tenure, as the original deposit.
click here to find out about the applicable premature withdrawal penalty.
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