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Maturity Features

Maturity Intimation letter is being sent 15 days in advance of the maturity date.

Renewal of Deposits

The depositor has to surrender the Original Deposit Receipt duly signed along with the renewal form. Deposit can be renewed from the date of maturity only if renewal instructions are received within 2 months from the date of maturity. Otherwise the same will be renewed prospectively. Renewal with loan is not possible.

Maturity Payment

In case of repayment, the depositor has to sign on the reverse of TDR affixing a Revenue stamp with Instructions for repayment along with a copy of cheque leaf consisting of Bank Account details.

Discharge of deposit receipt
Scenario Anyone or Survivor A or S Number One or Survivor N or S
Regular payment on maturity Anyone of the depositors can sign First depositor alone can sign1