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
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.
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Benefits
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Features
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Terms and Conditions
No Exchange fluctuation Risk to INR to USD.
Comfort of liquidity
Provision for nomination
Loan and overdraft limits are granted against lien of deposit receipts
Relationship Manager Facility available
| 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” | ||
| Interest Payable | Quarterly | Quarterly | Quarterly |
| 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 | ||
| Lien Marking | Permitted | Permitted | Permitted |
| Mandate facility | Available | Available | Available |
| 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.
