Reinvestment Deposit

A Reinvestment 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.
  • Interest is compounded on quarterly basis and payment thereof is made on date of maturity.
  • TDS on interest will be deducted as per income tax laws.
  • Premature payment available (certain terms & Condition apply)
  • Loan facility against the Deposit available.
  • KYC not required, if already having Saving or Current Account with the Bank.
  • All other rules & regulations of fixed Deposit A/c are also applicable to Reinvestment of special fixed Deposit A/c.