Fixed Deposit

Term Deposit

Tailored to meet your future financial needs, our term deposit scheme offers you the opportunity to earn higher returns on your investments while also providing the option to avail loans against your deposits. With our comprehensive term deposit offerings, you can fulfill your financial goals, multiply your funds, and ensure the security of your savings.

Choose our fixed deposits for secure investment options with appealing interest rates and adaptable investment durations. Open a fixed deposit account with us and watch your savings flourish over a timeframe spanning from seven days to ten years!
Term Deposit

Click here for Term Deposit Rates

  • The revised rate will be’ applicable to new deposits / renewal of existing deposits w.e.f. 01.05.2024
  • Interest for senior citizens and bulk deposits of 15 lakhs and above will be given 0.5% extra, as mentioned (for deposits over 1 year).
  • Staff members are entitled to get 0.50% additional interest on term deposits (single benefit).
  • In case of pre-mature closure of any term deposit with or without re-investment, penalty of 1% will be charged on the applicable rate for the period that the deposit has actually kept.
  • The above-proposed rates are applicable for recurring deposits as well.
  • You can access up to 90% of the deposit amount (accrued value) as a loan.
  • The existing 444-day deposit scheme will remain in effect for a few more days.

Requirements to open Term Deposit-

Account opening form with two recent passport size photographs.

Aadhar Card

Proof of residence

Birth certificate in case of minor

Introduction by an existing account holder from any branch whose account is at least six months old.

Other than individual

Trust- Trust deed, resolution

Society- By-laws, Resolution

HUF- HUF deed

  • Penal interest @1% will be charged on all deposits that are prematurely closed and reinvested, regardless of the residual period of the deposit.
  • Term Deposit Receipt should be renewed within a period of 14 days from the date of maturity. If the overdue period exceeds 14 days and the depositor renews the entire amount of the overdue deposit or part thereof as a fresh term deposit, the interest for the overdue period will be paid at the rate applicable to savings deposits.
  • Interest will be paid on the deposits at the rate in force from time to time.