Fixed Term Deposit

Fixed Deposit Account Scheme.
Significant Scheme :-


Re-investment In this scheme interest is re-invested & compounded on quarterly basis
Monthly Regular Income In this scheme Interest at discounted rate is paid on monthly basis. Ideal scheme for pensioner / retired / senior citizen
Short Term Earn Interest on Ideal money by depositing in this scheme for Short duration i.e. 7 Days to 729 Days
Quarterly Income In this scheme Interest is paid on Quarterly/Half Yearly. Ideal scheme for Trust/ Institute/ senior citizens



Rate of Interest :

Deposit Period Rate of interest effected from 21/11/2016
Normal

Senior Citizen      Staff        Bulk-Deposit
(>=15 lacs)

7 Days and 45 Days 5.00% 5.25 %
46 Days and 180 Days 5.75 % 6.00 %
181 Days and < 1 Year  7.00 % 7.50 %
>= 1 Year and < 2 Year  6.75 % 7.00 %
>= 2 Year and <= 5 Years 6.75 % 7.00 %
61 Months To 119 Months   5.00 % 5.00 %
120 Months   7.25 % 7.25 %


* Income tax exemption under section 80C can be availed for fdr's with duration 60 months (Or more).
** Individuals are eligiable for complimentory Share membership for holding a single FD of Rs. 1,00,000/- (Or more) for 60 months (or more)

                                          NRE Deposit from 21/11/2016
Deposit period Normal Bulk deposit(>=15 lac)
>=1 Year And  < 2 Year 6.75 7.00
>=2 Year And <=  3Year 6.75 7.00



Note:

* In case of any discrepancies, Interest rate card available with branch manager will prevails.
* Rates quoted are subject to change without notice.