Overview about Term deposits for Non Indian Residents


OFFERINGS-IN-IBU

Term Deposits are a great way to invest surplus funds to earn a fixed return.


Features of Term deposits for Non Indian Residents


  • Fixed returns on your existing deposits
  • Principal protection of your deposits
  • Term Deposits can be renewed on maturity at the then prevailing Interest rates.
  • Premature & partial withdrawal facility is available
  • Interest is compounded annually for deposits with a tenure of more than 1 year and on Simple Interest rate bases for deposits with a tenure of less than 1 year. Interest is paid on maturity on a cumulative basis.
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