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 (Rack Rate sheet is available on Summit Bank Website)
• Choice of tenure (3 months, 6 months, 1 Year, 2 Years and 3 Years)

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

*Terms and conditions apply