Any individual  (a single adult or two adults jointly) can open an account.

     Group Accounts, Institutional Accounts and Misc. account not permissible.

    Trust, Regimental Fund or Welfare Fund not permissible to invest.

     1 Year, 2 Year, 3 Year and 5 Year TD can be opened.

     2, 3 & 5 Year TD Accounts can be closed after one year at a discount.

     Rate of interest - 6.25%, 6.50%, 7.25%, 7.5% compounded quarterly for 1,2,3 &5 years TD account respectively

     The investment under this scheme qualify for the benefit of Section 80C of the Income  Tax Act, 1961 from 1.4.2007.