Fixed Deposit

Features

Interest on Term Deposit

Interest on Term Deposit

Minimum period of deposit – 12 months
Maximum period of deposit- 10 Years
Available at all branches
Minimum deposit amount Rs.5,000/-
Maximum deposit amount: No Upper Limit
A deposit of Rs.2 crore and more is classified as bulk deposit

Interest on Term Deposit

Interest on Term Deposit

Interest on Term Deposit

Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.

Terms and Conditions

Interest on Term Deposit

Terms and Conditions

Interest can also be paid at Calendar quarter basis.
TDS at prevalent Income tax rate is deducted if Form 15G/15H not submitted.