A Small Saving Today Leads to Greater Happiness Tomorrow
Providing higher rate of interest with longer periods of deposit, with quarterly compounding & reinvestment of interest.
Term deposit means an interest-bearing deposit received by the bank for a fixed period.
Callable Deposit, Notice Deposit & Non- callable Deposit.
Account can be opened in USD / EUR / GBP or Any other Freely Convertible currency.
Terms and Conditions
|KEY FEATURES||TERM DEPOSIT (CALLABLE)||NOTICE DEPOSIT||TERM DEPOSIT (NON - CALLABLE)|
|Eligibility||All Individuals (Resident & Non-Resident), Persons other than Individuals||Persons other than Individuals.||Persons other than Individuals.|
|Currency||USD / EUR / GBP or Any other Freely Convertible currency acceptable to IBU|
|Minimum Deposit Amount||1,000||1,000||1,000|
|Rate of Interest||Please “Click Here”|
|Minimum Tenor||7 days||7 days||7 days|
|Maximum Tenor||5 Years||5 Years||5 Years|
|Pre Mature Withdrawal||Permissible||Permissible after giving a notice of 30 days||Non - Permissible|
|Negotiable||Not negotiable nor transferable|
|Deposit Insurance||Not available|
- Advance against Deposits: Loan and overdraft limits are granted against lien of deposit receipts.
- Interest certificate available at request of customer
- Mode of Payment: Maturity proceeds are credited to the SB/ CA account of the customer.
- Telecommunication Mandate Facility available.