![]() ![]() Nomination facility is available except in the case of deposits held by and held for or on behalf of a minor.over regular rates is offered to senior citizen FD depositors The deposit cannot be used to secure a loan nor can it be used as collateral security.Interest can be payable quarterly or half-yearly or monthly.The deposit can be accepted in the form of a Fixed Deposit or reinvestment deposit (RDP) or Special Fixed Deposit (SFD).Deposit amount: Minimum- Rs 10,000 Maximum: Rs 1,50,000 in a financial year.Deposits under this scheme are eligible for deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.The monthly interest is paid at a discounted rate.This scheme is ideal for depositors who want regular monthly or quarterly interest income.Get Secured Credit Card with credit limit of 100% of your FD Depositors can avail of loans of up to 90% on the principal and interest earned.Minimum deposit amount: Rs 1,000 and thereafter in multiples of Rs 100. ![]()
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