Non-callable Deposits

CSB Bank’s Non-callable Term Deposit scheme is a safe investment option that gives you good return on investing your surplus funds.

Features

• Min Deposit amount:
  For Bulk Deposits - Rs. 3 Crore & above (for Individuals & Non-individuals)
  For Retail Deposits – Above Rs 1 Crore to less than Rs. 3 Crore for Individuals. Rs 1000 and above to less than Rs. 3 Crore for Non-Individuals.
• Flexi Tenure
• Preferential rate of interest as decided by Bank from time to time may be applicable to these Deposits
• Monthly/quarterly interest pay out option available for FD
• Grow income with compound interest on FWD

These deposits does not have premature withdrawal facility i.e. it cannot be closed by the depositor before expiry of the term of such deposit.

Eligibility

• The product shall be available for Individuals (Resident & Non-Residents) and Non-individuals.

Terms & Conditions

• This Term Deposits (TD) does not have any premature withdrawal facility i.e. the TD cannot be closed by the depositor before expiry of the term of such deposit. However, the Bank may allow premature withdrawal of these deposits in the exceptional circumstance such as in the event of any direction from any judiciary/ statutory and / or regulatory authorities cases or deceased claim settlement cases, for which the penalty if applicable may be fixed by the Bank
• Non-callable deposits will not be having auto-renewal option
• As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
• Tax at source is deducted as per the Income Tax regulations prevalent from time to time.
• For other details and terms and conditions, please contact your nearest CSB Bank