Automatic-renewal of Term Deposits

  • We are happy to inform that your Term Deposit will be renewed automatically. Auto-renewal is a separate and independent contract, at the Bank's prevailing interest rates on the date of auto-renewal, for the same period as the original deposit, till the receipt is presented for payment.
  • Please preserve your original receipt.
  • TDS: Tax will be deducted at source unless Form 15G/H ,PAN number is submitted at the time of making the receipt/ on Auto-renewal AND before end of April, for every financial year, for the tenure of the Deposit