Recurring Deposits

Interest rate

Period

General

Senior Citizen

12 Months to less than 36 Months

7.25% 7.75%

36 Months to less than 60 Months

7.00% 7.50%
60 months and Above 60 months 7.00% 7.50%

(0.50 extra interest rate for Sr. Citizens )

Term & Conditions

  1. Citizen who attains the age of 55 years and above shall be treated as Senior Citizen.

  2. Ensure the AGE PROOF for those availing facility of higher interest in Senior Citizen category.

  3. No joint account in the case of Senior Citizens except husband & Wife.

  4. On Loan against Bank’s own Deposit as under :

    1. If loan raised by the depositors himself/herself 1 % extra interest  shall be applicable.

    2. 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 30 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