It is a deposit where interest
is payable on Maturity
Term
of Deposits
|
| Term (months) |
Acceptance |
| 12 |
Y |
| 24 |
Y |
| 36 |
Y |
|
|
Maturity options available
On maturity the depositor can opt for:
    Payment of maturity amount
       or
    renewal of:
            
Maturity Amount
            
Amount in multiples of Rs.1000/-
|