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 The deposit can be withdrawn / renewed on maturity of the period decided.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  
  Features  
 
 
  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. 26th July, 2017 )
Special scheme 15months (w.e.f. 27th Dec 2017)

 Period

General Public

Senior Citizens

Saving Deposit 4.00% 4.00%

 7 days to 90 days

4.25% 4.25%
 91 Days to 180 days 4.75% 4.75%
181 Days to 1 Year 5.00% 5.00%
Above 1 Year to 2 Years 7.00% 7.50%
15 months special Scheme 7.50% 7.75%

 Above 2 Years to 3 Years

6.75% 7.25%
 Above 3 Years to 5 Years 6.50% 7.00%

 Above 5 Years to 10 Years

6.00% 6.50%

 

 

 
     
  Cash Certificate/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
 
  Loan can be granted on the accumulated deposit
 
     
 

 

 
  •  
  The Bank has implemented core banking in all its branches/offices
 
  •        
 

For Senior Citizen (Age more than 60 years) 0.50% additional interest rate for one year and above period.

 
  •  
  Deposit of senior citizen opened under 15 months scheme will get 0.25% additional interest above general public interest rate.
 
  •  
  Additional 0.25% will be given to single deposit  of Rs. 1 Crore and above opened under 15 months special scheme only
 
   

 

   
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