TERMS AND CONDITIONS-TERM DEPOSIT ACCOUNT

Term Deposits:

• Means a deposit received by the Bank for a fixed period withdrawable only after the expiry of the said fixed period and include deposits such as Recurring Deposits/ Short Term Deposits / Fixed Deposits / Money multiplier deposit etc.

Account opening:

• Term Deposit accounts can be opened by an individual in his own name or by more than one individual in their own names. A depositor desirous of opening an account with the Bank should complete the relative account opening form/card in all respects with full name(s) and specimen signature(s) at appropriate places. The prospective account holder should normally be required to fill in the account opening form in the presence of a bank‟s official.

MOST IMPORTANT TERMS AND CONDITIONS_TD