Key Benefits

• Ideal for all transitory savings.
  
  
• High liquidity with good returns.
  
  
• Avail of Overdraft / loan against deposit up to 95% of the deposit amount without the hassles of a guarantor or processing fee or, filling of any forms etc.
  
  
• Ideal for meeting short-term commitments as these advances are also available for a single day and till a maximum of 12 months.
  
  
• Interest will be charged at 1.50% over the deposit rate with monthly rests in case of depositor being the borrower and higher in case your friends want to avail of the loan.
  
  
• On pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.
  
  
• The Government accepts this deposit as a Security.
  
  
• Can be used as margin money for Non-fund based facilities.
  
  
• Provision for nomination.