Unitized break up of term deposit scheme to corporate and institutions.
Period of term deposit : Min 15 days to 36 months
Minimum Deposit to be Maintained in Current Account : Rs 50,000/-
Amount of deposit : Minimum Rs 50,000/- and subsequent deposits in multiples of Rs 5000/- with a minimum of Rs 25,000/-.
Operation in the Account
Partial withdrawal is permitted in units of Rs 5000/- each. The withdrawal will be through issue of cheque and the required amount will be automatically withdrawn from CLTD and credited to the current account to honour the cheque.
Rate of Interest : As applicable to term deposit
Loan Facility : No overdraft facility is permitted.