Flexible Tenure ranges from 15days to 120months.

Interest is paid on Maturity.

Interest paid by Pay Order / Cash / Credit to Account

Pledge of Deposit is allowed.

Premature Withdrawal allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit

Nomination facilities are available for this scheme.

Additional Interest rate for Senior Citizen is applicable

Deposit upto Rs.5.00 Lakhs (Rs. Five Lakhs Only) is insured with DICGC.

As per changes in Finance Bill,2015 TDS on deposits is also applicable to members(shareholders) at bank level (instead of branch level)

As per section 206AA, every person who is in receipt of tax deductible income shall furnish PAN, failing to which TDS deductible at 20% (instead of 10%)

Form 15G/15H can be submitted to avoid TDS deduction if income chargble to tax does not exceed basic exemption limit.