Fixed Deposit

  • Individual in personal capacity can open.
  • Individuals in joint names can open.
  • A minor with natural guardian can open.
  • Application form necessary.
  • Rate of interest as applicable to F.D rates.
  • Institutions can open F.D.
  • Minimum deposit amount Rs.1000.
  • Minimum Period 15 days.
  • Payment of interest on monthly, quarterly, half-yearly and annually for deposit of 1 year and above.
  • Loan and nomination facility.
  • Facility of pre-mature withdrawal.

TNSC BANK TAX BENEFIT DEPOSIT 2006

1 Name of the Scheme TNSC Bank Tax Benefit Deposit 2006
2 Minimum and Maximum Investment in a year Minimum Rs.1000/- and in multiples of Rs.500/- Maximum Rs.1,00,000/-
3 Period of Deposit Minimum 5 years – Maximum 10 years
4 Rate of Interest As prescribed by the Bank from time time for Terms Deposits of 5 years and above At present the Rate is 9.00% p.a
5 Payment of Interest As applicable to Fixed Deposit/ Cash Certificate for 5 years and above
6 Lock in period 5 years
7 Encashment Cannot be encashed before 5 years
8 Loans/ Pledge Cannot be pledged to secure any loan as Security to any other asset
9 Senior Citizens Eligible for additional rate of interest as per applicable norms