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.
β Eligibility for a loan upon opening the account
β Flexibility in account maturity period, i.e.,1,2, 3, 6, 9, 12 to 24 months
β The account can be renewed after maturity to another term
β 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.