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.
