Features:

• Applicable to Internet Banking Users only.
• For existing customer having operative Saving / Current Account.
• The mode of operation, nomination & Sr. Citizen preferential rate shall remain the same from which the recurring deposit is to be funded.
• Acceptance of terms & Conditions is mandatory prior to issue of e-RD.
• e-RD will be issued to only those wherein the valid PAN document is held in the funded account. Tenor of Deposit would be as per respective scheme as displayed on Banks` website.
• Nomination will continue to be same as in the funded account
• Proceeds on maturity shall be credited in the account through which the term deposit was funded.
• Parent branch to be visited for closure/pre-mature closure of e-RD account
• Rate of interest would be Card rate (LINK) as applicable to the tenor of deposit as displayed on website, subject to change from time to time.
• Nomination facility is available..
• TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.