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The following schemes are available under Fixed
Deposits (Term Deposits):
- Simple Fixed Deposit (Quarterly Interest)
- Quarterly Interest-cum-Recurring Deposit (Compounding
Interest payable on Maturity)
- Cash Certificate
- Monthly Interest Deposit
These schemes are applicable to individuals and
non-individuals.
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Attractive interest rates are made available
to customers for their investments with us.
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The below mentioned are the rate of interest on deposits
( other than Foreign Currency, Non-resident Accounts,
Non-resident (External) Rupees Accounts and other Foreign
Currency Accounts.)
Term Deposits
| Duration of Term Deposits |
Rate of Interest (% p.a.)
(Effective from 06 OCT 2008) |
7 - 14 days
(if single deposit Rs. 15 lacs & above) |
5.25 |
| 15 days - 29 days |
5.50 |
| 30 days - 45 days |
5.75 |
| 46 days - 90 days |
6.00 |
| 91 days - 180 days |
7.25 |
| 181 days to less than one year |
8.00 |
| 1 year to less than 3 years |
10.00 |
| 3 years and above (10 years) |
9.00 * |
| For Senior Citizen Extra |
0.50 |
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TAX BENEFIT TERM DEPOSIT SCHEME - 2006
Sr. No. |
Period |
Interest Rates |
1 |
5 Years
(In multiple of 100 upto maximum Rs. 1 lakh in a single financial year) |
8% |
* Depositor's whose single deposit amount is more than Rs. 50 Crores will entitled to get extra 0.50% interest (i.e.9.50% )
1) Senior citizens who have completed 60 years of age will earn the interest 0.5 %more on above mentioned rates.
2) The bank also accepts NRI and FCNR (B) deposits.
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- Completion of 18 yrs of age.
- Copy of :
- Ration Card (First & Last page) OR
- Passport OR
- Election Card OR
- Any authorised Identification
- Minimum Deposit Amount: Rs. 500/- in multiples of
Rs. 100/-
- i) Address ii) Phone no. iii) PAN
No. necessary. If not allotted form no. 60 to be filled.
- 2 Photographs for each Account.
- Mode of Operations:
- Either OR Survivor
- Anyone OR Survivor
- Severally
- Anyone OR Former
- Saving A/c with us
- The age proof is required in case of Senior citizen
- School leaving certificate
- Insurance policy
- Election Card
- Passport
- Any authentic proof.
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