NON CALLABLE TERM DEPOSIT RETAIL NCD R - Personal Banking

NON-CALLABLE TERM DEPOSIT - RETAIL (NCD-R)

• Eligibility: Resident Individuals and Non- Individual Customers (Minors are excluded, Separate scheme is available for NRI Customers)
• Special Category of Customers :
  • Senior Citizens / Staff/ Staff Senior Citizens are eligible for additional Interest Rate applicable over Non Callable Rates for Public.
  • (NRI Senior Citizens / NRI Staff not eligible)
• Minimum Amount (In multiples of Rs. 1000/- thereafter): Rs.1,00,01,000/- (Rupee one crore and one thousand) *Separate product for Non-callable Bulk deposit
• Maximum Amount: < (Less than) Rs.3.00 crore
• Tenor:
  • Two tenors:
  • 1 year and 2 years only
• Rate of Interest:
  • 30 bps over card rate of TD Retail for tenor 1 year.
  • 40 bps over card rate of TD Retail for tenor 2 years.
• Eligible Products
  • TDR/ STDR only
  • Not available under any other scheme
• Interest Pay out Option
  • Monthly/ Quarterly / Half yearly/Yearly Interest Pay-out is available for TDR.
  • For STDR, Interest shall be paid on maturity along with principal.
• Premature Withdrawal:Strictly not allowed except in case of:
  • If directed by Court/ Regulator or in case of Winding up/ Bankruptcy
  • Death of Individual Depositor(s)
  • Right to set off
• Loan Facility:Demand Loan facility available and No Overdraft facility allowed.
• TDS Application:Applicable
• Available through Channel:The product shall be available through Branch CBS channel only.