Product Name

DECCAN  DOUBLE DHAMAKA

Purpose

To allow the customer to double their money over a given period

Eligibility

Open to individuals under all segments including NRI

Minimum Deposit

`5000/- and in multiples of  `1000/-

Type of Account

Special Term Deposit

Term

84 months 7 days for General Public and

81 months for Senior Citizens

75 months 50 days for staff

Interest

General Public :10%

Senior Citizen :10.50%

Staff                  :1% above the rate applicable

Penalty on premature closure

- Penalty applicable as in the case STDR

-No premature penalty will be levied from staff and DGB retired employees. In such cases, interest will be paid at the contracted rate or  for the period for which the deposit  has remained with the bank  which ever is less.

Home Branch Chnge

Allowed

Loan Facility

Available in the form of Demand Loan or Overdraft facility as per extant guidelines.

Tax Deducted at Source

TDS is applicable as per IT Rules

Nomination facility

Available