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Tenor based Rate of Interest – Higher interests can be accrued for longer
periods of deposits. |
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Premature withdrawal allowed at a nominal penalty. |
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An Initial deposit of Rs.10000 is required top open an Akshaya Deposit. |
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Option to place deposits in multiples of Rs.1000
as units under Vysunits
, enabling withdrawal as per need, in multiples of Rs.1000. |
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Higher rate of interest on Fixed Deposits for Senior Citizens.
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Option to draw interest by way of DD / PO / Credit to own SB account with ING
Vysya Bank, Monthly (at a discount) or Quarterly, as per choice. |
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Loans upto 90% of the deposit would be available at 2% above the underlying
interest rate on Fixed Deposit. |
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Nomination facility is available. |
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Free transfer of deposit between branches is available. |
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Automatic renewals on maturity. |