Special Features

  • A fixed deposit linked to your Savings  Account.
  • Minimum period of deposit is 1 year and maximum is 10 years
  • Fixed Deposit maintained in units of Rs.1000/-
  • You can link any fresh flexi deposit to your SB account
  • Fixed Deposit is broken automatically on a Last In-First Out basis and minimum units transferred to Savings Account when the Savings Account has a deficit.
  • Interest is paid out every quarter

General Features

  • Principal and Interest can be repatriated
  • Joint accounts are permitted.
  • No Income tax deduction at source on interest
  • Balance is exempt from wealth tax and interest earned is exempt from Income Tax.