Recurring Deposits
Interest rate
-
0.50% higher interest shall be payable to Senior Citizens.
Period |
General |
Senior Citizen |
12 Months to less than 24 Months |
6.80% | 7.30% |
24 Months to less than 36 Months |
7.00% | 7.50% |
36 Months to less than 60 Months |
6.50% | 7.00% |
60 months to 120 months | 6.50% | 7.50% |
(0.50 extra interest rate for Sr. Citizens ) |
Term & Conditions
-
Citizen who attains the age of 60 years and above shall be treated as Senior Citizen.
-
Ensure the AGE PROOF for those availing facility of higher interest in Senior Citizen category.
-
No joint account in the case of Senior Citizens except husband & Wife.
-
On Loan against Bank’s own Deposit as under :
-
If loan raised by the depositors himself/herself 1 % extra interest shall be applicable.
-
If loan raised by a person on third party deposit 2 % extra interest shall be applicable.
-
Fixed Deposits
Under this scheme, you can deposit for various periods ranging from 7 days to 72 months. Interest is paid on quarterly / half yearly basis, as desired by you.
Highlights
Safety - We understand the value of your hard earned money and continue to deliver on our promise of safety and security.
Premature Withdrawal - Interest to be charged on premature withdrawal of term deposits at 1.00% below the rate applicable for the period deposit has remained with the Bank