Summit Bank offers a unique term deposit product where you receive attractive Monthly Payouts with attractive returns.
Deposit Limits
Open with Rs.50,000 or in accordance with rack rate sheet of the bank.
Key Features
- Monthly profit will be credited in the depositor’s linked account
- Debit Card Issuance (Charges as per SOC)
Conditions
- Profit subject to Zakat, Withholding tax and other applicable taxes (unless exempted)
- Regular declared TDR Profit rates (for last completed period of deposit) will be paid on Premature Encashment
Value Added Services
- Free Online Banking
- Free Utility Bills payments via ATM, SMS, Internet Banking, Contact Center, Summit Bank Branches
- Free Pay Order, Demand Draft, Call Deposit Receipt
- Free Home Remittance Payments
- Unlimited Free of Cost Transactions (over the counter & Summit Bank ATMs)
- Free Dispatch of Account Statements (on half yearly basis)
- Free Electronic Account Statements
- Free Outward Clearing Cheques (returned)
- Free Fund Transfer within Summit Bank via ATM, Website, and Branch Network
- Free Expired Debit Card Replacement
- Free Personal Accidental Insurance
- Free ATM Cash Withdrawal Insurance
- 24/7 Customer Care
Notes
- These are not Rack Rates
- Special Rates offered for deposits over Rs. 5,000,000
Terms and conditions apply