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4) Interest can be withdrawn at monthly/Quarterly/half yearly/yearly intervals.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) Term Deposit will be automatically renewed @ROI prevailing on the due date of the Term deposit if no instruction from the depositor is received upto due date.