- Individual in personal capacity can open.
- Individuals in joint names can open.
- A minor with natural guardian can open.
- Application form necessary.
- Rate of interest as applicable to F.D rates.
- Institutions can open F.D.
- Minimum deposit amount Rs.1000.
- Minimum Period 7 days.
- Payment of interest on monthly, quarterly and annually for deposit of 1 year and above.
- Loan and nomination facility.
- Facility of pre-mature withdrawal.
TNSC bank tax benefit deposit 2006
| 1 | Name of the Scheme | TNSC Bank Tax Benefit Deposit |
| 2 | Minimum and Maximum Investment in a year | Minimum Rs.1000/- and in multiples of Rs.500/- |
| 3 | Period of Deposit | Minimum 5 years - Maximum 10 years |
| 4 | Rate of Interest | As prescribed by the Bank from time time for Terms Deposits of 5 years and above |
| 5 | Payment of Interest | As applicable to Fixed Deposit/ Cash Certificate for 5 years and above |
| 6 | Lock in period | 5 years |
| 7 | Encashment | Cannot be encashed before 5 years |
| 8 | Loans/ Pledge | Cannot be pledged to secure any loan as Security to any other asset |