Term Deposit
Park your lump sum amount in an RMGB Term Deposit and avail of features like guaranteed returns, choice of interest payout, liquidity through OD or premature withdrawal. Invest today by visiting your branch.
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Minimum Deposit |
Rs. 1000/- |
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Maximum Deposit |
No Limit |
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Payment of Interest |
Payment of interest at Monthly/Quarterly/Calendar quarter basis as per your requirement |
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Tenure |
7 days to 10 years |
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Premature Withdrawal |
Available |
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Loan Facility |
Loans / OD up to 85% of the Principal deposit |
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Nomination Facility |
Available |
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TDS |
TDS at prevalent rate is deducted at source if Form 15G/15H not submitted |
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Others |
Automatic renewals will take place only where there are no maturity instructions recorded at the time of opening the Term Deposit account or any time before maturity of deposit |