Term Deposit account

Watch your money grow at a steady pace with a Term Deposit from Barclays.

Features & benefits

• You can open a Barclays Term Deposit with a minimum of Rs 50,000 (applicable in Metro branches- Delhi, Mumbai, Hyderabad & Pune) and Rs. 10,000 (applicable in all other branches-Nelamangala, Kanchipuram, Junagarh, Ahmednagar & Rajahmundry).
• We also offer differential interest rates for deposit amounts of Rs 15 lacs and above.
• Simple or cumulative interest payment – Interest can either be credited on a quarterly basis to your Savings account or be re-invested into your Term Deposit account till maturity.
• Flexibility^#- Your Term Deposit is maintained in units of Re 1 and hence premature withdrawal on your Term Deposit is possible in units of Re 1. For e.g. This means that if you deposit Rs 10,000, and need to withdraw Rs 4,565 in case of an emergency, you can very well do so subject to premature withdrawal clause below. The balance continues to earn interest at the normal interest rate.
• Sweep-In Facility^# – This unique facility lets you automatically withdraw a part of your Term Deposit amount into your Savings account.
• Sweep-Out Facility^# – This facility allows you to automatically invest surplus money available in your Savings account into a Term Deposit account.
• Auto renewal^# of Term Deposit on maturity

Tax Deducted at Source (TDS)

TDS on deposits as applicable as per the Income Tax rules except where exemption certificate is made available to the bank for each deposit at the beginning of every financial year.

*Terms & conditions apply

#This facility is available for Term deposits below Rs 15 lacs only