The Fixed Deposit (FD) is often considered a lucrative investment scheme. It helps one earn high returns with minimum risk. J & K Bank offers child-care deposits scheme with investment as small as Rs.100.
You can deposit a fixed monthly installment of Rs 100 and above in multiples of Rs 100.
Yes, you can withdraw term-deposit prematurely. However, you will have to pay a penalty interest on premature withdrawal.
Yes, there is a loan facility available against the term deposit.
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