SALIENT FEATURES OF PRODUCT
 
Launched from October 28, 2010

• Three year Savings Certificate with six monthly payments of profits
• The account can be opened by any;
1. Individual (single or joint) like salaried person, self employed etc
2. Register Partnership concern
3. Public & Private Company
4. Registered trust
5. Government Body etc.
• Minimum Amount required to invest in the certificate is Rs. 25,000
• Profit will be automatically credited to the customer account.
• On maturity of the deal customer may opt for automatic roll over at prevailing rate
• Profit rate is 11.25% and effective from October 10, 2011 per annum payable after completion of every six month
• In case the certificate is encashed before completion of first six months no profit will be paid and no penalty recovered
• If the certificate is en-cashed in the period between the seventh month and any date till the date of maturity a penalty of only 2% will be charged and no profit will be paid for that six monthly period.
• Free ATM / Debit Card available
• 90% financing against deposit is available.