The Fixed Deposit Scheme is the right option for those who wish to invest their money and get periodical income by way of interest. You can choose monthly, half-yearly, quarterly or yearly interest payments. Term deposit / Cumulative Deposit is a growth-oriented scheme with high returns. If you are looking for an attractive investment scheme to put your hard-earned money which doubles in the shortest span, then the term deposit is the proven option for you.
The nomination facility is available for deposits. There are often just one Nominee for a time deposit account whether held singly or jointly. Applicants can make nomination by filling up the prescribed form. The nomination details can be changed during the subsistence of the account, by filling up the prescribed form