9 FAQ

1. What is the advantage of assigning a nickname to an account?

   You can personalize your account by giving it a nickname. This way you will be able to easily identify it.

2. Can I modify the term deposit details?

   Yes, you can modify the maturity instructions defined for your term deposit. This option are provided on the Term Deposit Details screen.

3. What happens to my term deposit at maturity?

   This will depend on the maturity instructions defined by you at the time the deposit was opened. Based on your selection at that point, at the time of maturity, the deposit would either be renewed or the amount will get credited to a specified account. If the funds are to be withdrawn at maturity, you can provide the details of the account to which the maturity proceeds are to be credited.

4. Can I redeem the term deposit before the maturity date?

   Yes, depending on the bank’s offerings, it is possible to redeem the term deposit amount either partially or fully before the maturity date.

5. Can the maturity amount be credited into my account held with another bank?

   Yes, it is possible to setup instructions to credit the maturity amount into another bank account.