1) All Resident Indians (Individuals/ Sole Proprietor/ Partnership/ Company/ Trust/ HUF etc) can open the Account.
2) Minimum Deposit amount is Rs.1000/-
3) Deposits can be made for a maximum of 10 years.
4) Interest can be withdrawn at monthly/Quarterly/half yearly/yearly intervals.
5) Depositor can earn a higher rate of interest with Quarterly Compounded
6) Interest will be paid to the Depositor @ Savings Bank A/c rate, if the depositor does not renew the Deposit within 14 days from due date