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.
