• Period – Min 1 year and Max 5 years
• Option – Growth (Cumulative quarterly)
• Interest Payable – On Maturity (Compounded quarterly)
• Pre closure – Less 1% from the applicable  Rate of Interest for the run period
• Penalty on late payment : Charges – Rs.2/- per 100
• As applicable to Term Deposit Rates. Please click here to know the current rate of Interest

ELIGIBILITY

• Account can be opened in the names of individuals singly / jointly / with either or survivor options
• A minor with natural guardian
• The account will be opened on submission of the duly filled in application form along with the deposit amount in cash /cheque / withdrawal (transfer from SB)

DOCUMENTS REQUIRED

• Application form
• Recent Photograph two numbers
• Copy of PAN card
• Existing SB Account customers need not submit Photograph and KYC documents
• The account will be opened on submission of the duly filled in application form along with the initial deposit amount in cash.