Special Features

  • Remittance as monthly instalments over a period of time.
  •  Amount remitted plus cumulative interest will be paid on Maturity date.
  • Monthly fixed savings promotes regular savings - meant for fixed income/salaried group
  • Fixed monthly installment for period ranging from 12 months to 120 months
  • facility to remit installment through internet banking

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.