To invest surplus funds for a long period. No premature withdrawal allowed.
Eligibility: All depositors (Domestic Deposits & NRE Deposits)
The product is available for TDRs/STDRs of Rs.1 Crore and above.
Period of deposit from 181 days to 3 years
Overdraft facility strictly not allowed
Currently No premium payable over and above card rate.
Non-callable deposits should not be used as security/ margin money against the non-fund based limit (LC and BG)