Corporate Liquid Term Deposit - Business

Features

• 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 The withdrawal will be through issue of cheque and the required amount will be automatically withdrawn from CLTD and credited to the current account to honour the cheque.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.
• Availability : At all branches