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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
Effective from 30 August 2010
| Duration of Term Deposit |
Rate of Interest (% p.a.)
For Deposits upto Rs 1 Crore
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Rate of Interest (% p.a.)
For Deposits above Rs 1 Crore (Single Deposit)
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| 7 - 14 days |
2.50 |
2.00 |
| 15 days - 29 days |
3.00 |
2.25 |
| 30 days - 45 days |
3.50 |
2.50 |
| 46 days - 90 days |
4.00
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3.00 |
| 91 days - 180 days |
4.75 |
3.50 |
| 181 days to less than one year |
5.75 |
5.00 |
| 1 year to less than 2 years |
6.50 |
5.50 |
| 2 years to less than 3 years |
7.00 |
5.75 |
| 3 years to less than 5 years |
6.75 |
6.00 |
| 5 years and above (maximum 10 years) |
7.00 |
6.00 |
Senior Citizen will get 0.5% more than the above rates
TAX BENEFIT TERM DEPOSIT SCHEME - 2006
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Sr. No.
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Period
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Interest Rates
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1
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5 Years
(In multiple of 100 upto maximum Rs. 1 lakh in a single financial year) |
8%
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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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