Reinvestment Deposits
- Deposits are accepted for fixed period.
- Nomination facility available in individual/joint Accounts.
- Interest is compounded on quarterly basis and payment thereof is made on date of maturity.
- Premature payment available (Terms and conditions apply)
- Loan facility against the Deposit available.
- Separate KYC not required, if already having Saving or Current Account with the Bank.
- TDS on interest will be applicable as per Income Tax Rules and maturity amount is subject to TDS deductions if any.