Grow your money by investing your funds for a period of your own choosing, ranging from 1 to 24 months and get a fixed rate of interest when the time period matures. This account will help you save towards your goals since the funds are not easily accessible.
âœ… Eligibility for a loan upon opening the account
âœ… Flexibility in account maturity period, i.e.,1,2, 3, 6, 9, 12 to 24 months
âœ… The account can be renewed after maturity to another term
âœ… A very attractive rate of interest.
One thing to note is that in the event you withdraw cash before the maturity period you will have to pay an early withdrawal penalty.