Open Fixed Deposit Account
Term deposit schemes for various durations at attractive interest rates.
Start your investment with just Rs.1000/-
All you need to know
| Period of Deposit | Minimum 1 year and maximum 10 years |
| Interest Payment Method | Quarterly Simple Interest |
| Maximum Amount of Deposit | No Limit |
| Minimum Amount of Deposit | Rs. 1,000/- |
| Pledging of Deposit | Allowed |
| Premature Withdrawal | Allowed. However, interest shall be paid at the rate applicable for the period for which the deposit remained with the bank or at the contracted rate whichever is less and such payable interest rate shall also be subject to penalty at 1%. |
| Additional Interest Rate for Senior Citizen | Applicable |
| Eligible Depositors | All depositors |
| Period of Deposit | Minimum 1 year and maximum 10 years |
| Interest Payment Method | Discounted Value |
| Maximum Amount of Deposit | No Limit |
| Minimum Amount of Deposit | Rs. 1,000/- |
| Pledging of Deposit | Allowed |
| Premature Withdrawal | Allowed. However, interest shall be paid at the rate applicable for the period for which the deposit remained with the bank or at the contracted rate whichever is less and such payable interest rate shall also be subject to penalty at 1%. |
| Additional Interest Rate for Senior Citizen | Applicable |
| Eligible Depositors | All depositors |
| Period of Deposit | Minimum 7 days and maximum 365 days |
| Interest Payment Method | Simple Interest payable on maturity |
| Maximum Amount of Deposit | No Limit |
| Minimum Amount of Deposit | Rs. 1,000/- |
| Pledging of Deposit | Allowed |
| Premature Withdrawal | Allowed. However, interest shall be paid at the rate applicable for the period for which the deposit remained with the bank or at the contracted rate whichever is less and such payable interest rate shall also be subject to penalty at 1%. |
| Additional Interest Rate for Senior Citizen | Applicable |
| Eligible Depositors | All depositors |
| Period of Deposit | Minimum 1 year and maximum 10 years |
| Interest Payment Method | Quarterly Compounded Interest payable on maturity |
| Maximum Amount of Deposit | No Limit |
| Minimum Amount of Deposit | Rs. 1,000/- |
| Pledging of Deposit | Allowed |
| Premature Withdrawal | Allowed. However, interest shall be paid at the rate applicable for the period for which the deposit remained with the bank or at the contracted rate whichever is less and such payable interest rate shall also be subject to penalty at 1%. |
| Additional Interest Rate for Senior Citizen | Applicable |
| Eligible Depositors | All depositors |
Deposit Insurance
The Deposit Insurance System in India is subject to the Provisions of Deposit
Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (Wholly owned subsidiary of the Reserve Bank of India) is the body
that operates the deposit insurance system.
To download more information click the following link : DICGC
(Website : www.dicgc.org.in )
To download more information click the following link : DICGC
(Website : www.dicgc.org.in )
For opening a Fixed Deposit, please download the below listed form and submit it to your nearest branch.
