Gayathri Cash Certificate

Gayathri Cash Certificate

KVB's Gayathri Cash Certificate is a term deposit repayable along with accrued interest after an agreed period fixed at the time of the opening of the deposit. This scheme is well suited to those persons who intended to get a pre determined amount as the maturity value.

Features
  • Can be opened by Individuals, HUF, Trust, Partnership firms, Companies, Associations etc.
  • Deposit accepted as discounted value.
  • The principal along with interest is payable on maturity.
  • Nomination facility is available
  • Loan available on deposit
  • Premature closure is allowed, subject to the applicable norms
Terms and conditions
  • Minimum Amount that can be invested is Rs.100/- and there is no restriction on the maximum amount.
  • The interest is subject to TDS.
  • Deposits will be accepted / opened for a minimum period of 6 months and in multiples of 3 months period subject to a maximum of 10 years.