Term Deposit Account


1) Opening of Deposit Accounts

Application for fixed/short deposits and deposits at notice is taken on Form No. 401 for individuals and Form No. 401A for non individuals.

All time deposit accounts shall be properly introduced. For all subsequent deposit, a simple Application-cum-Deposit slip is to be filled.

2) Period and Minimum Amount of Different Types of Deposits

Minimum Period:-

At present, the minimum period for a term deposit shall be 7 days for deposit amount of Rs.100/- lacs and above & minimum 15 days for amounts less than Rs.100/- lacs.

Maximum Period : - 120 months

In special cases, say, under the order of a court or where interest of a minor is involved and in the case of institutions, government undertakings, corporate bodies to meet their special needs like creation of sinking fund/amortisation fund etc. or for individuals for any of their special needs by way of accounts opened under special recurring/cumulative deposit scheme, the deposit may be accepted for periods over 10 years. However, the period of deposit should not exceed 20 years.

Minimum Amount:-

The minimum amount accepted for fixed/short deposit is Rs.1,000/- for a period of 15 days and above and minimum of Rs.100/- lacs and above for a minimum period of 7 days.

3) Operational Instructions

Term deposit accounts can be opened with instructions payable to  'Either or Survivor', payable jointly, payable to any one of the  depositors etc. It can also be opened with instructions payable  to "Former or Survivor" or "Former, Survivors Jointly or Last Survivor" or "Latter or Survivor" in which case operational/payment instructions at the time of opening the account or subsequent variations, if any, in these instructions, should be signed by all the joint depositors.

4) Additional Documents/Forms to be Obtained

PAN/GIR number or Form 60 /61. Other documents as per KYC norms.

Photographs of the depositors except in case of existing accounts (having photographs)

5) Nomination Facility : Available
TOP

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine.

I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil existence, that I neglect my talents. I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now.

When, while the lovely valley teems with vapour around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but a few stray gleams steal into the inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me: when I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel the presence of the Almighty, who formed us in his own image.

Duis dictum tristique lacus, id placerat dolor lobortis sed. In nulla lorem, accumsan sed mollis eu, dapibus non sapien. Curabitur eu adipiscing ipsum. Mauris ut dui turpis, vel iaculis est. Morbi molestie fermentum sem quis ultricies. Mauris ac lacinia sapien. Fusce ut enim libero, vitae venenatis arcu. Cras viverra, libero a fringilla gravida, dolor enim cursus turpis, id sodales sem justo sit amet lectus. Fusce ut arcu eu metus lacinia commodo. Proin cursus ornare turpis, et faucibus ipsum egestas ut. Maecenas aliquam suscipit ante non consectetur. Etiam quis metus a dolor vehicula scelerisque.

Nam elementum consequat bibendum. Suspendisse id semper odio. Sed nec leo vel ligula cursus aliquet a nec nulla. Sed eu nulla quam. Etiam quis est ut sapien volutpat vulputate. Cras in purus quis sapien aliquam viverra et volutpat ligula. Vestibulum condimentum ultricies pharetra. Etiam dapibus cursus ligula quis iaculis. Mauris pellentesque dui quis mi fermentum elementum sodales libero consequat. Duis eu elit et dui varius bibendum. Sed interdum nisl in ante sollicitudin id facilisis tortor ullamcorper. Etiam scelerisque leo vel elit venenatis nec condimentum ipsum molestie. In hac habitasse platea dictumst. Sed quis nulla et nibh aliquam cursus vitae quis enim. Maecenas eget risus turpis.