Charges

It has no additional annual maintenance charge, which makes it economical.

Liquidity

You can withdraw money anytime, as there is no limitation like Tier I.

Convenient

It allows you to move the funds to a Tier I account anytime.

No Minimum Balance

You don’t need to maintain a minimum balance, eliminating the risk of penalties.

Eligibility

You must be an Indian citizen aged 18-60, NRIs included.

PRAN Number

You must have a Tier I account and a PRAN number.

Deposits

The minimum deposit is Rs 1,000, with no maximum limit.

Compiled By Himani Verma

Recently Revised Fixed Deposit Rtaes