Deposits

 
 

Key Features

  • A convenient vehicle for placement of funds for a fixed term with a guaranteed rate of interest.
  • The Bank accepts deposit for periods ranging from 7 days to 3 years.
  • The Bank accepts deposits for values as low as  10,000 with multiples of   1000 thereafter.
    • Premature payment of deposits will attract premature payment penalty
    • Interest on deposits is subject to TDS as per Government of India guidelines
Interest rate on Term Deposit :
Maturity in days

<15

15-30 31-60 61-90 91-180 181-270 271-1 yr 1yr-2 yr 2yr -3yr

Interest Rate

4% 4.5% 4.75% 5.50% 6.0% 6.0% 6.0% 6.0%

6.0%

*Bank has absolute right to refuse to accept any deposit without giving
 any notice or assigning any reasons thereof
 

Good to know: