§ Monthly installments can be for any amount from Rs.50.00 onward in the multiple of tens.

§ Account can be opened for any period ranging from 6 months to 120 months in interval of 3 months.
 

§ Installment Is to be paid monthly.

§ Interest at permissible rate is compounded quarterly.

§ Maturity amount is paid one month after depositing the last installment.

§ Premature withdrawal is allowed. Interest payable for premature period will be 1% less of the applicable rate for which the deposit has actually remained with the bank or at contracted rate, whichever is less.

§ Secured overdraft/TOD  facility is also available on these accounts.