Brief features of the product:
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PARAMETERS |
FEATURES* |
|
Eligibility |
Individual (singly or jointly) with others.
Minor who have attained the age of 10 years and above in his own name on giving proof of age.
Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body.
Hindu Undivided Family.
Association, Club, Society, Trust or Religious/Charitable or Educational Institutions.
unicipality or Panchayat, Government or Quasi-Government Body.
lliterate and blind persons can also open the account |
|
Deposit Amount |
The Term Deposit Ordinary (TDO) account can be opened with a minimum deposit of Rs.100/- and thereafter in multiples of Rupee one (Re.1/-) with maximum amount of Rs.1,99,99,999/. |
|
Period of Deposit |
For any period from 7 days to 179 days. |
|
Interest |
Card Rate as per guidelines issued by HO: IRMD, ALM Cell, from time to time. |
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Demand Loan/Overdraft facility |
Deposits for Rs.10,000/- and above on written request shall be eligible for Demand Loan/overdraft facility. |
* Other terms and conditions as per general guidelines