Eligibility

• Individual (singly or jointly) with others
• Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body
• Association, Club, a Society, Trust or Religious/Charitable or Educational Institutions
• Municipality or Panchayat, Government or Quasi-Government Body.

Age of Entry

Minimum 18 Years and above

Mode of Operation of Accounts

Single Operation/ Joint Operation/Operation through Power of Attorney or as the case  be etc.

Where these Accounts can be opened

All branches are authorized to open accounts under this scheme.

Currency of deposit

Indian Rupees only (INR)

Minimum Single Deposit Amount

Rs.10,000 (Rs. Ten thousand only), and thereafter in multiples of Rs. 1.

Maximum Single Deposit Amount

Rs.2,99,99,999/-

Tenure

22 months

44 months

66 months

Rate of Interest

7.00%

6.75%

6.45%

Premature withdrawal

Allowedas per the extant bank guidelines.

Conversion fromPSB GREEN EARTH DEPOSIT to any other general scheme of FDR or at time of Renewal/Extension

Not Allowed

Availability of Loan/Overdraft

Allowed

TDS applicable

Interest accrued on this deposits is liable for Tax in accordance with the guidelines issued by Income Tax Department, GoI, from time to time.

Nomination facility

Available as per Bank’s extant guidelines

Additional ROI (Sr.citizen& Super Sr.Citizen)

Yes, as per the extant bank guidelines.

Whether Staff Benefit available in ROI.

Yes, as per the extant bank guidelines.