Taxation (Indian taxes)

Exempt from income and wealth tax

Exempt from income and wealth tax

Liquidity

Easy pre-mature encashment facility

Easy pre-mature encashment facility

Automatic renewal facility   (ARS)

Available on signing of ARS agreement

Available on signing of ARS agreement

Safe custody facility

Available on request; compulsory with ARS

Available on request; compulsory with ARS

Renewals

Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date

Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date