Short Term Deposit Account of Tamil Nadu Grama Bank

Short Term Deposit

Objective	Fixed Deposit Scheme for shorter tenures up to 6 months with interest higher than Savings Bank Account.
Tenor for the Deposit	Min. 14 Days to Max. 180 Days
Elgibility	Existing and New Customers of Tamil Nadu Grama Bank
Interest Rate	Please refer Interest rate chart / visit our nearest branch
Amount of Deposit	Minimum ₹100/- and multiples of ₹100.
Salient Features	Nomination facility available Can be transferred from one branch to another branch of the bank with request from customer at his convenience. Pre-Closures allowed and Upto 15Lakhs there is no Pre Closure Charges. Customers can avail Loan facility against their deposit for the Deposit tenor with minimum interest rate.
Automatic Renewal	Facility of Automatic Renewal or Renewal on Request at Maturity on the same deposit receipt is also available for the depositors.
TDS (Tax Deducted at Source)	Interest on these term deposits shall be liable to tax under the Income Tax Act, The tax on such interest shall be deducted in accordance with the provisions of section 194A or section 195 of the Act.
Documents Requirement to open a New Account	Please visit your nearest branch with required KYC documents (Officially Valid Documents for Identity and Address Proof)