Fixed Deposit
If you want to boost your savings with an absolute peace of mind, a fixed deposit investment is the perfect fit for you. The promise of assured savings after a fixed tenure makes fixed deposits an attractive investment avenue for planning your medium and long-term goals.
Interest rates are mentioned below:
with effective from (01 December 2023)
Maturity Periods - Premature | Regular | Senior Citizen |
7-60 Days | 3.50% | 3.50% |
61-179 Days | 4.00% | 4.00% |
180-365 Days | 5.00% | 5.00% |
Above 12 Months to 24 Months | 5.75% | 6.00% |
Above 24 Months to 36 Months | 6.25% | 6.50% |
Above 36 Months to 120 Months | 6.75% | 7.00% |
Nature of Depositors
Term Deposit Account can be opened by:
- Individual – Single or Joint
- Minors – with Guardian;
- Regd. Societies & Trusts
- Hindu Undivided Families (HUFs)
Features:
- Easy investment
- Attractive interest rates
- Flexibility of tenure and premature withdrawal is permitted
- Secure investments with High returns
- Senior citizen gets additional interest rates above 12 months maturity periods
- Nomination facility available
- Start fixed deposit from as low as Rs.5000/-
- Avail fixed deposits with multiple tenure options ranging from 7 days to 10 years.
- Overdraft facility available against Fixed Deposit (up to 80% value of F.D.)
