**Term Deposit Account can be opened by:**

- Individual – Single or Joint
- Minors – with Guardian
- Regd. Societies & Trusts
- Hindu Undivided Families (HUFs)

- Customer Information File (CIF) form (for new accounts )
- Account opening form, duly signed by the account holders
- Introduction from existing account holder
- Photograph of account holders
- Photo identity such as photocopy of PAN Card, Driving License valid Passport, Aadhaar Card
- Proof of residence in the form of photocopy of Electricity / Telephone bill, valid Passport, Aadhaar Card etc.

**Fixed Deposits (FD) -**Interest is paid to investor’s at regular intervals**Re-Investment Benefit Deposits (RBD) -**Interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits**Monthly Recurring Deposit (MRD) -**Schemes where investors can even start with a very nominal amount of Rs. 100 per month**GB Tax Gain Deposit Scheme -**For availing Income Tax Benefit u/s 80 C

- Free ATM usage
- Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT, N-ECS
- E-TDS payments
- Any Branch Banking through Core Banking Solution
- Lockers at Competitive Price
- Demat facility
- Bancassurance (Life Insurance / General Insurance)
- Mutual Funds
- PAN Card issue

Interest rates w.r.f 5th October 2021

Sr. No | Maturity Perid | Rate of Interest | ||
---|---|---|---|---|

Gen. Public (Resi.*/ Soc / Trusts (p.a.) | Sr. Citizens (Resi*)(p.a.) | Deposits >= `15 lac | ||

1. |
15 Days to 45 Days |
3.75% p.a. | 3.75% p.a. | 3.75% p.a. |

2. | 46 Days to 90 Days | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. |

3 | 91 Days to 179 Days | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. |

4. | 180 days to less than 1 year Property | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |

5. | 1 Year to less than 2 years (simple interest) | 5.35% p.a | 5.60% p.a | 5.35% p.a |

6. | 1 Year to less than 2 years (Compounding interest) | 5.35% p.a | 5.60% p.a | 5.35% p.a |

7. | 2 years to less than 3 years (Simple lnterest)* | 5.60% p.a | 5.85% p.a | 5.60% p.a |

8. | 2 years to less than 3 years (Compounding Interest)* | 5.60% p.a | 5.85% p.a | 5.60% p.a |

9. | 3 years upto 5 years (simple) | 5.85% p.a | 6.10% p.a | 5.85% p.a |

10. | 3 years upto 5 years (Comp) | 5.85% p.a | 6.10% p.a | 5.85% p.a |

11. | Above 5 years to 10 years (simple) | 6.00% p.a | 6.25% p.a | 6.00% p.a |

12. | Above 5 years to 10 years (comp) | 6.00% p.a | 6.25% p.a | 6.00% p.a |

13. | GB Tax Gain Scheme (Simple) | 5.85% p.a | 6.10% p.a | 5.85% p.a |

14. | GB Tax Gain Scheme (Comp) | 5.85% p.a | 6.10% p.a | 5.85% p.a |