Fixed Deposit
Minimum balance
Rs.100 or multiple of Rs.100.No ceiling on maximum amount. .
Eligibility
Individuals
Individuals jointly with other Individuals
For minor individual by Guardian
HUF
Sole proprietary concerns
Firms
Joint stock companies
Features
Minimum Rs.100/- per month (in multiples of ₹ 100/-). No ceiling on maximum amount.
Deposit can be opened for period ranging from 6 months to 10 years.(In multiples of 3 months)
Loan facility is available for deposit up to 90% of the amount present in your deposit account
Premature closure is allowed at any point of time
TDS applicable as per the extant IT guidelines.
Nomination facility available.