| Eligibility | Individuals including Salaried people, professionals, business people etc. |
| Minimum Deposit Amount | Rs. 100 and in multiples of Rs. 5/- |
| Minimum & Maximum Period | 6 Months to 120 Months |
| Payment of Interest | Quarterly compounding and paid at the time of maturity |
| Remarks | ✔ Each remittance is accepted for identical period ✔ The amount of the deposit the customer wishes to deposit, held as different ✔ Remittances under the same MDA ✔ The depositor has the option of making any number of deposits under the same account and each remittance will be deemed as a separate deposit maturing after the agreed period ✔ Separate deposit receipt is not issued for each deposit but a passbook is issued showing each remittance with interest rate, due date and maturity value. |
| Eligibility | Individuals either singly or jointly with two or more persons, institutions, companies, firms, societies, Traders, Professionals, salaried individuals etc. |
| Minimum Deposit Amount | Minimum deposit amount Rs: 10000/- and in multiples of Rs.1000/- |
| Minimum & Maximum Period | 6 Months to 120 Months |
| Payment of Interest | Quarterly compounding and paid at the time of maturity |
| Remarks | ✔ Each remittance is accepted for identical period ✔ The amount of the deposit the customer wishes to deposit, may be split into convenient units and held as different remittances under the same MDA ✔ The depositor has the option of making any number of deposits under the same account and each remittance will be deemed as a separate deposit ✔ Maturing after the agreed period ✔ Separate deposit receipt is not issued for each deposit but a passbook is issued showing each remittance with interest rate, due date and maturity value ✔ If the depositor wants to take back a part of his deposit amount the required number of units can be closed and repaid while the remaining amount remains intact and earns interest. |