Contact Us
For Any Query!Term Deposit
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 The deposit can be withdrawn / renewed on maturity of the period decided.
Features
- 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.
Auto Renewal of Fixed Deposits is available
- The Fixed deposit receipt will be renewed automatically on maturity date.
- Standing instruction for interest credit facility is available.
|
Interest Rates on Term Deposits |
||
|---|---|---|
| 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 | 7.75% | 8.25% |
| 5 Years to 10 Years | 6.00% | 6.50% |
| 15 Months (Special Deposit Scheme) | 7.00% | 7.50% |
Interest rate over and above normal rate
- Senior citizens are given additional 0.50% interest rate for a period of more than 1 year
Cumulative Deposit
Features
- Depositing a fixed amount for a fixed Period
- Interest is on quarterly compounding basis
- Depositors earn interest on interest
- Minimum period of deposit is 1 year & maximum up to 10 years
Other Features
- The Bank has implemented core banking in all its branches/offices
Annual Report 2024-25
