- Individuals (Single or Jointly), Minor By Guardian, Institutions, Co-op Societies, HUF can place deposit.
- Quarterly Compounded interest payable on Maturity.
- Period of Deposit is Minimum 1 year.
- Minimum amount of Deposit –Rs 1000/ And Maximum Amount of Deposit “ No Limit”.
- Interest Calculation is based on Quarterly Method.
- Premature withdrawal of Deposit is allowed with no penalty Charges
- For Senior citizen additional Interest rate is Applicable..
- Pledging of Deposit is with same as FD Interest Rate.
- Interest can be credited to Same bank account , Pay Order , NEFT
- Interest payable on the deposit is subject to directives of RBI from time to time .
- DICGC insurance covered Deposit up to Rs. 500000/-
- Documents Required as per KYC rules.