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Conditions Eligibility

# Period – Min 1 year and Max 5 years

# Option – Growth (Cumulative quarterly)

# 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

# Customer should have a Savings Account in a branch # 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)