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Fixed Deposit :
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Ideal to earn higher rate of interest, if the investor can spare money for a specified
period of time. The period ranges from 31 days to 10 years as opted by the investor.
This deposit plan offers convenient solutions to both working class as well as senior
citizens. These products facilitate the depositor to enjoy security and competitive
rates of interest on their deposits.
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Period Of Deposits
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Interest % Per Anum
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31 days to 45 days
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4.50 %
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46 days to 90 days
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5.50 %
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91 days to 180 days
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6.50 %
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181 days to 1 Year
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7.00 %
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Above 1 Year
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7.50%
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Additional Rate of 0.50% allowed to Senior Citizens.
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Premature withdrawal of Deposit: 1% Penal Interest will be deducted out of the Interest applicable
on the period of deposit actually held in the Bank.
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Interest on Fixed Deposits is paid at specified intervals i.e, monthly / quarterly
/ half yearly / yearly / on maturity.
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Interest will be credited to their SB Account or Current Account.
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