Fixed Deposit

A Fixed Deposit A/c may be opened by any person, individual, a minor, a firm, company, trust and senior citizens.

  • Deposits are accepted for fixed period.
  • Nomination facility is available.
  • Simple interest is eligible, depending upon the period of deposit.
  • Monthly/Quarterly interest on deposits.
  • Interest can be withdrawn in option monthly / quarterly.
  • Premature closing is depends on the scheme, subject to penalty if any.
  • Loans can be obtained depends on the scheme, against the deposit amount.
  • Standing instruction is accepted for transferring the interest.
  • Auto renewal option is available.
Sr. No. Term Int Rate in % Senior Citizen Bulk Deposit
1 46 days to 180 days 5.50 % 5.50 % 6.00 %
2 181 days to 365 days 6.50 % 6.50 % 7.00 %
3 1-year 1 day to 2 year 5.50 % 5.50 % 6.00 %
4 2-year 1 day to 3 year 5.50 % 5.50 % 6.00 %
5 3-year 1 day above 5.50 % 5.50 % 6.00 %