You can personalize your account by giving it a nickname. This way you will be able to easily identify it.

The total maturity amount is the amount that the deposit is worth at the time of maturity.

A term deposit offers a fixed interest rate for a fixed term. Interest rates differ based on the deposit term, the amount of the deposit and the interest payment frequency.

You will begin to earn interest from the day your term deposit is opened with the bank and not on the day the application is submitted.

Yes, it is possible to open the term deposit with joint holders. Details of the holders have to be provided while opening the deposit. The maximum number of joint holders that can be added depends on the bank’s offerings.

Yes, you can modify the maturity instructions defined for your term deposit as well as top up the deposit amount. Both these options are provided on the Term Deposit Details screen.

This will depend on the maturity instructions defined by you at the time the deposit was opened. Based on your selection at that point, at the time of maturity, the deposit would either be renewed or the amount will get credited to a specified account. If the funds are to be withdrawn at maturity, you can provide the details of the account to which the maturity proceeds are to be credited.

If the term deposit product has a facility for top up, then an option will be provided to add funds into the term deposit. The maximum amount with which you can top up the deposit will be defined by the bank and displayed on the top up page.

Yes, depending on the bank’s offerings, it is possible to redeem the term deposit amount either partially or fully before the maturity date.

Yes, it is possible to setup instructions to credit the maturity amount into another bank account.