A
Multi-Option Fixed Deposit Scheme that fit your needs,
timing & resources, to match your convenience.
Features:
Initial
Deposit of Rs.1000/-only, and thereafter in convenient
multiples of any amount of Rupee one
Period
of Deposit: (a) Maturity Option: For any period from
15 days to 120 months-For a single Term Deposit less
than Rs. 15 lac and for any period from 7 days to 120
months-For a single Deposit of Rs. 15 lac & above.
(b) Income Option: For any period from 6 months to 120
months.
At
PAR Collection of Fixed Deposit Receipt
Payable
at par at all CBS branches(premature payment, loans
andother miscellaneous matters before maturity of the
FDR shall be attended to only by the issuing branch)
Multiple
options available for interest payment viz. Monthly/Quarterly/Half-Yearly/Yearly
or on maturity
For
an amount of Rs. 10,000/- and above overdraft with cheque
book facility is available, to enable use of deposits.
The customer shall also be at liberty to make use of
the facility through ATM-cum-Debit Card under 'Anywhere-Anytime
Banking'. It will enable customers to have freedom to
utilise their Fixed Deposits as and when needed without
even coming to the Bank. The interest is chargeable
only for the amount and period for which the overdraft
facility has been availed; The illiterate and blind
persons can also open the account without exercising
the option of Overdraft Facility.
Margin and rate of interest
on Loans against deposits under the scheme shall be as
per prescribed guidelines which shall be subject to modifications
from time to time
Automatic payment of LOCKER
rent out of Interest proceeds
Conversion
facility regarding mode of payment of interest allowed;(provided
FDR has been issued for a period of 12 months or more
and remaining period of FD is more than 6 months) without
invoking any penal provision
Premature withdrawal of
Deposit without any penalty
Automatic Renewal facility
is provided as per option exercised by the depositor
Availability of premature
extension
Part
withdrawal in multiples of Rs.1000/- without loss of
interest on remaining FDR
For
further details, Please contact our nearest Branch.
