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Facility Deposit
Salient FeaturesA time deposit with built in Over Draft facility with a limit of 90% of deposit amount
EligibilityAny adult person can open the account. Account can be in individual or joint names of the deposit(s) with or without E or S clause.
Min AmtRs.10000
Max AmtNo Maximum
Min Period12 Months
Max Period36 Months
Other Requirements/Details* The scheme can be under FD or RIP option.
* Under FD option monthly interest with discount or quarterly interest will be credited to Facility loan account.
* Under RIP option, interest will be compounded on quarterly basis and paid on due date.
* All other terms and conditions as applicable to FD or RIP schemes.
* Nomination Facility Available
 
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