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 The deposit can be withdrawn / renewed on maturity of the period decided.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.
  Auto Renewal of Fixed Deposits is available  
  The Fixed deposit receipt will be renewed automatically on maturity date.
  The renewal can be with or without interest as per the instruction of the depositors given at the time of opening the receipt.
  Standing order for interest credit facility is available.

Interest Rates on  Term Deposits
( w.e.f. 23rd November, 2016 )

 Period Amount upto Rs 50 Lakhs Senior Citizens

 Amount Above Rs 50 Lakhs (Simple Interes Calculation)


Saving Deposit 4.00%    

 7 days to 90 days

4.25% -- --
 91 Days to 180 days 4.75% -- --
181 Days to 1 Year 5.00% -- 5.00%
Above 1 Year to 2 Years 7.00% 7.25% 6.25%

 Above 2 Years to 3 Years

6.75% 7.00% 6.25%
 Above 3 Years to 5 Years 6.50% 6.75% NA

 Above 5 Years to 10 Years

6.00% 6.25% NA



  Cash Certificate/Cumulative Deposit  
  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
  Loan can be granted on the accumulated deposit


  For a single Deposit of Rs.1 Core and more for the period of one year & above 0.25% additional Interest rate over and above normal rate.
  No TDS for Members and Nominal Members
  The Bank has implemented core banking in all its branches/offices

For Senior Citizen (Age more than 60 years) 0.25% additional interest rate than the above normal rate



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