- 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||
|15-30||31-60||61-90||91-180||181-270||271-1 yr||1yr-2 yr||2yr -3yr|
*Bank has absolute right to refuse to accept any deposit without giving any notice or assigning any reasons thereof