Features:
Schemes Covered (Under e-FD)
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Applicable to Internet Banking Users only.
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Customer account must be KYC compliant.
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For existing customer having operative Saving/Current Account.
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Senior Citizen preferential rate shall remain the same from which the term deposit is to be funded.
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Acceptance of terms & Conditions is mandatory prior to issue of E-FD.
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E-FDs` will be issued to only those wherein the valid PAN document is held in the funded account.
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Auto Renewal facility provided only for the maturity value.
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Proceeds on maturity (if no auto renewal instructions are given) shall be credited in the account from which FD account is funded or as per mandate of the depositor.
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Tenor of Deposit would be as per respective scheme as displayed on Banks` website.
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Rate of interest would be Card rate as applicable to the tenor of deposit as displayed on website, subject to change from time to time.
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Interest for overdue period
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Premature withdrawal facility is available through net banking.
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Nomination will continue to be same as in the funded account. However, customers can update the Nominee though Internet Banking.
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TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.