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Tenor based Rate of Interest – Higher interest can be earned on longer
period of deposits. |
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The interest earned is compounded quarterly for higher earnings. |
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Premature withdrawal is allowed with a penalty of 1% on the applicable rate. |
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An Initial deposit of Rs.10000 is required to 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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Loans upto 95% 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. |