Why Greater Bank

Our Fixed Deposit schemes are designed to keep your earnings safe and secure while providing attractive interest rates. Our Fixed Deposit schemes are an excellent way to grow your savings securely.

Facilities available

  • You can avail of a loan facility up to 90% of the principal and accrued interest by opting for a loan against your fixed deposit. However, the bank may grant a loan against the fixed deposit at its discretion.
  • Competitive interest rates and flexible tenure options that cater to your financial needs
  • Your investment is secure and guaranteed returns.
  • You can access funds instantly by opting for an overdraft against your fixed deposit or by choosing premature withdrawal (subject to applicable terms and conditions)
  • Availability of Nomination facility
  • If you are exempt from income tax deduction at source, you need to provide the necessary details to the bank for generating Form-15G/15H (in duplicate) and resubmit the system-generated Form 15G/15H duly signed to the same branch for verification and marking in CBS. The submission must be done in the month of April of each financial year at any of the bank’s branches.
  • Term deposits are subject to TDS as per the income tax Act, 1961
  • Term Deposits are covered under the Deposit Insurance and Credit Guarantee Corporation of India (DICGC) scheme.
  • Interest rates on fixed deposits are subject to change without prior notice. Therefore, it is advisable to check the interest rates on the value date of the fixed deposit.
  • Highest Rate of Interest on Term deposit is 7.50% for General Public and 7.60% for Senior Citizen for 555 days. Slab Valid till 4th of February, 2024.
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