Non-Callable Term Deposit - Business

Non-Callable Term Deposit

• 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)