Corporate Liquid Term Deposit (CLTD)

Facility Offered:

Unitized break up of term deposit scheme to corporate and institutions.

Eligibility

All Corporates and Institutions (C&I Customers)

Period of term deposit:

Min 15 days to 36 months

Minimum Deposit to be Maintained in Current Account:

Rs 50,000/-

Amount of deposit:

Minimum Rs 50,000/- and subsequent deposits in multiples of Rs 5000/- with a minimum of Rs 25,000/-.

Operation in the Account:

Partial withdrawal is permitted in units of Rs 5000/- each. The withdrawal will be through issue of cheque and the required amount will be automatically withdrawn from CLTD and credited to the current account to honour the cheque.

Rate of Interest:

As applicable to term deposit

Loan Facility:

No overdraft facility is permitted.

Availability:

At all branches