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.

Various Term Deposit Scheme Available With Us Includes

  • 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 w.e.f 2nd May 2024

Sr. No Maturity Perid Rate of Interest
Gen. Public (Resi.*/ Soc / Trusts (p.a.) Sr. Citizens (Resi*)(p.a.) Deposits >= 1 Crore
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 5.10% p.a. 5.10% p.a. 5.10% p.a.
5. 1 year to less than 2 years 7.25% p.a. 7.35% p.a. 7.25% p.a.
6. 400 Days 7.65% p.a. 7.75% p.a. -
7. 555 Days* 7.50% p.a. 7.60% p.a. 7.50% p.a.
8. 2 years to less than 3 years 7.00% p.a. 7.10% p.a. 7.00% p.a.
9. 3 years upto 5 years 5.85% p.a. 6.10% p.a. 5.85% p.a.
10. Above 5 years to 10 years 6.00% p.a. 6.25% p.a. 6.00% p.a.
11. GB Tax Gain Scheme 5.85% p.a. 6.10% p.a. 5.85% p.a.

Applicable for Simple as well as Compounding Interest