Term Deposit is a deposit kept for a fixed period. The time period of the deposit is decided at the time of opening a new Receipt/account. The deposit can be withdrawn / renewed on maturity of the period decided.
The minimum period of deposit is 7 days
The minimum amount of deposit is Rs.100/-
Repayment of interest can be done as per the instructions of the depositor i.e either on monthly or quarterly or on maturity, Loan can be granted against deposit.Only to the memberes of the bank.
( w.e.f. 01.02.2026 )
| Period | General Public | Senior Citizens |
|---|---|---|
| 7 days to 45 days | 3.50% | 3.50% |
| 46 days to 90 days | 3.75% | 3.75% |
| 91 days to 179 days | 5.00% | 5.00% |
| 180 Days to less than 1 Year | 6.00% | 6.00% |
| 1 Year to less than 2 Years | 6.75% | 7.25% |
| 2 Years to less than 5 Years | 7.00% | 7.50% |
| 5 Years to 10 Years | 6.00% | 6.50% |
| 15 Months (Special Deposit Scheme) | 7.00% | 7.50% |
Senior citizens are given additional 0.50% interest rate for a period of more than 1 year