The "Regular Savings" account has a duration of 1 year to 5 years. This savings account can be opened with a minimum of Rs. 10000. You can deposit various amounts into this account during this period. The amount can be deposited in daily/weekly/fortnightly/monthly basis. The deposited amount cannot be withdrawn until the end of the specified term. After the term ends, you can withdraw both the principal amount and the interest earned. This account allows you to take a loan of up to 90% against the deposited amount. The loan period can be shorter than the term of the deposit, and the interest rate on the loan is set at 2% higher than the interest rate on the related savings account. Interest is calculated on a daily basis in this account and paid out on a quarterly basis.
