Savings Certificates
1 Month 2 Months 3 Months
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6 Months 12 Months (1Y) 24 Months (2Y)
5.00% 6.00% 7.00%
36 Months (3Y) 48 Months (4Y) 60 Months (5Y)
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1 Month 2 Months 3 Months
-- -- --
6 Months 12 Months (1Y) 24 Months (2Y)
-- -- --
36 Months (3Y) 48 Months (4Y) 60 Months (5Y)
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Features
No need to be an account holder | Interest paid upfront
Face value is paid at maturity | Can make a nomination
Can be en-cashed in any branch | Denominations for periods of 6,12 and 24 months
Instant loan or overdraft could be easily obtained against the deposit
Withholding tax/duties and other taxes are applicable as per prevailing regulations
Can be en-cashed even before the maturity (at a reduced rate of interest for completed months)
Issued only in the name of an individual
Documents Needed
Refer Bank