| Eligibility |
Who can open an account: An individual who is not insolvent or insane, can open an account singly or jointly. (Such accounts can be opened by Individuals (singly or jointly), a firm, company, club, Association , Institution, Govt. or Semi Govt. Body, Co-operative societies, religious and charitable institutions etc.) |
| deposit Amount |
Minimum deposit in the Account - Minimum of Rs. 10/- Maximum deposit in the Account - Maximum of any amount per month. |
| Tenure |
Minimum tenure - Minimum period six months.> Maximum tenure - Maximum 10 years. |
| Rate of Interest | As per rate applicable to fixed Deposit for the respective maturity period. |
| Periodicity of Interest | The interest is compounded at quarterly intervals but paid along with principal at the time of maturity of deposit. |