Term Deposits – At monthly / quarterly / half yearly / yearly intervals
Special Term Deposits - On maturity
Premature Withdrawal: Premature withdrawal facility will not be permitted except in deceased settlement case and direction from Judiciary / Statutory / Regulatory authorities. All eligible cases to be approved by Branch controllers.
In exceptional circumstances premature withdrawal will be permitted with Branch controllers’ approval.
No Interest will be paid in case of premature withdrawal.
Renewal on Maturity: On maturity account will be rolled over to normal NRE Term Deposit (callable deposit) for the same tenure.
Loan Facility: Demand Loan against Term Deposit available, repayment will be aligned with residual period of deposit