||Individuals & HUFs having PAN Numbers
|Type of Deposit
Maximum-Upto & including 10 years
|Rate of interest
||As applicable to our normal domestic term deposits
||Not Permitted upto 5 years.
||All branches in India
||Not available for a period of 5 years from The Date of Deposit
||Tax Exemption u/s 80c of the Income Tax Act
|Other Terms and Conditions
- In the case of Joint Accounts,only the first named Depositor will be eligible for deduction under Section 80c of the Income Tax Act.
- No nomination shall be made in respect of aTerm Deposit applied for and held by or onbehalf of a Minor.
- The Term Deposit shall not be pledged tosecure a loan or as security to any other advance.
- Other terms and conditions as applicable to normal Term Deposits.