TERM DEPOSIT ACCOUNTS

FIXED DEPOSIT

  1. Simple interest is calculated on fixed deposit.
  2. Depositors have the option to receive quarterly interest.
  3. Minimum Period – 15 days & maximum period – 10 years.

RE-INVESTMENT DEPOSIT

  1. Compound interest is calculated on quarterly basis.
  2. Minimum Period – 12 months & maximum period – 10 years.

RECURRING DEPOSIT

  1. Compound interest is calculated on quarterly basis.
  2. Minimum Period – 12 months & maximum period – 10 years.

FEATURES

  1. Auto renewal of fixed & re- investment deposits.

DEPOSIT RATES W.E.F. 16.07.2025

Interest Rates Table
Period of Deposits Rate of Interest
15 days to 45 days 3.50%
46 days to 90 days 3.50%
91 days to 179 days 5.00%
180 days to Less than 1 year 5.50%
1 year to 3 years 6.75%
Above 3 years 6.60%

0.25% extra to Senior Citizen on FDR for 1 year & above.
Cumulative FDR will be issued for complete quarter.

Bank permits premature withdrawal of Term Deposits (FDR/PRD) held with the bank at the operative rate (i.e. rate of interest prevailing as on the date of deposit for the period the deposit has actually run) less penalty of 1%

NOTE: Deposit Rates given above are subject to change