Minimum AmountMinimum Rs. 50/- in lump sum and in multiples thereof. To be deposited on monthly basis for the period of 1 year and up to 84 months.
Pre maturity / RedemptionIn case of payment before the date of maturity 1% is deducted from the applicable rate of interest for the actual period for which deposit is kept with the bank.
It is recommended to avail credit facility against deposit rather than premature closure of Fixed Deposits.