Term Deposit accounts may be opened in the names of
Individual - Single Accounts
Two or more individuals - Joint Accounts
Sole Proprietory Concerns
Partnership Firms
Illiterate Persons
Blind Persons
Minors
Limited Companies
Associations, Clubs, Societies, etc.
Trusts
Joint Hindu families (accounts of non-trading nature only)
Municipalities
Government and Quasi-Government Bodies
Panchayats
Religious Institutions
Educational Institutions (including Universities)
Charitable Institutions
Minimum amount Rs.1 lac for SDR and Rs.10,000/- for FDR in Metro and Urban Branches and Rs.5000/- in Rural and Semi urban branches and for senior citizens the minimum amount will be Rs 5000/-Minimum amount per single deposit for period of 7days to 14 days will be Rs.1lac.
