A fixed deposit account may be opened by any person, individual,minor/HUF/Firm/Company/Club/Trust/Society/Association etc.
- Deposits are accepted for fixed period.
- Nomination facility available.
- Quarterly payment of interest on Deposit.
- TDS on interest on deposits as per Income tax laws.
- Premature payment available (certain terms and conditions apply)
- Loan facility against the deposit available.
- Standing instruction for transferring the interest is accepted.
- KYC not required, if already having Savings Account/Current Account with the Bank.