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Cumulative Deposit Certificate (DCDC) Dhanam Cumulative Deposit Certificate (DCDC) returns quarterly interest that is added onto the principal amount. Both the cumulative quarterly interests and the principal amount are paid on maturity of the deposit.

Features Terms Apply Minimum deposit of Rs. 100 or multiples thereof Deposit period between 6 and 60 months. Subsequent multiples at 3 month intervals are permitted Rate of interest as applicable to term deposits Minimum remittance of Rs. 500, amounts in excess rounded off to the nearest Rs. 100 Rate of premature penalty as applicable to the term deposits Till 31st May,2010 For premature closure within one year -> 0.50% For premature closure after one year -> 1.00% Rate of premature penalty as applicable to the term deposits From 1st June,2010 For premature closure - 1.00% 90% of the balance in the account can accessible as a loan The account can be opened by individuals, firms, corporate bodies, clubs, and associations Apply

Tax Advantage Dhanam Tax Advantage bundles tax benefits, a considerably higher rate of interest and a higher minimum period of than most term deposits.

Features Eligibility Apply Applicable rate of interest for 5 years Tax exemption of up to Rs. 1 lakh per year, under Section 80 C of the Income Tax act Minimum deposit of Rs.100 and maximum of Rs. 1 lakh per year Deposit period between 5 and 10 years Permanent Account Number (PAN) needed to open the account No premature encashment up to 5 years Other rules pertaining to Term Deposits applicable to this scheme as well Loan against deposit facility is not allowed Single accounts can be opened by individuals and the Karta of a Hindu undivided family (HUF) while joint accounts can be opened by adults as well as a minor and their guardian. Apply

Insta Money The Insta Money Scheme allows 90% of the deposit to be used as an overdraft, provided this is done simultaneously with the opening of the term deposit.

Features Eligibility Apply A fixed deposit with 90% of the deposit withdraw able by cheque as an overdraft Minimum deposit of Rs.10,000 Deposit period between 15 days and 60 months Premature closure allowed, without interest if the depositor withdraws within 15 days from the date of the deposit Interest charged at normal rates, as applicable, to advances for any balance in overdraft limit Overdraft account must be opened simultaneously with the deposit account, with 90% of the deposit as limit for the overdraft facility Quarterly interest on fixed deposits transferred to the overdraft account during overdraft period Overdraft amount can be repaid at any time Interest debited to the overdraft account must be cleared every month Interest rates subject to change without notice The account can be opened by individuals, firms, corporate bodies, clubs, and associations Apply

Surabhi Deposit The Surabhi Deposit helps minimize loss of interest on premature closure. It has a higher initial investment than most deposits and allows higher deposits to the existing term deposit.

Features Eligibility Apply Choose between a Savings Account or Current Account to link to your Fixed Deposit Multiple deposits can be linked to the account. The linked fixed deposit is broken only partially (in multiples of Rs.1000) to make up for the deficit in the account thereby minimizing the interest loss Option to automatic renewal on maturity Senior citizens enjoy a higher rate of interest on their Fixed Deposits Minimum balance of Rs. 10,000 with tenure of 180 days and above The account can be opened by individuals, firms, corporate bodies, clubs, and associations Apply

Laxmi Recurring Deposits The Laxmi Recurring Deposit allows for the investment of a small initial amount with recurring additions on a monthly basis for a predetermined fixed period of time. Interest accrued is added to the balance on a quarterly basis, which is then added to the invested amount. The principal and the cumulative interest is paid on maturity of the deposit.

Features Eligibility Apply For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits. Frequency monthly Minimum 12 months maximum 120 months Pre mature penalty as per prevailing policy TDS is not applicable on the interest earned by Recurring Deposits as per current income tax rules. The account can be opened by individuals, firms, corporate bodies, clubs, and associations Apply

Senior Citizen’s Deposit The Senior Citizen's deposit is designed to provide senior citizens with extra protection through an additional rate of interest over the normal interest rate.

Features Eligibility Apply Senior Citizens are eligible for an additional interest rate of 0.50% p.a only for term deposits for periods starting from 180 days and above but excluding the 500 days product. At par collection of 1 instrument for value up to Rs. 5,000 once a month Issue of demand draft up to Rs. 5,000 once a month Indian nationals aged 60 and above. Apply

Sri Dhana Chakra Deposit The Sri Dhana Chakra Deposit allows for automatic renewal of the deposit on maturity. Starting out with a relatively higher initial investment, it allows for deposits for any period of time with no upper limit.

Features Eligibility Apply Higher rate of interest as compared with regular fixed deposits Minimum deposit of Rs. 5,000 Minimum deposit period of 15 days Rate of interest in accordance with RBI directives, as applicable, that are subject to change without prior notice to the depositor Automatic renewal on expiry for a period decided by the depositor No interest applicable if the deposit is closed 15 days before the last renewal; the amount repaid will be the balance available in the account at the end of the last maturity of the deposit The account can be opened by individuals, even in the name of minors jointly with their guardian, and by corporate bodies, institutions, and public or private sector organizations Apply

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