FIXED TERM DEPOSIT

                                
Type
Details
Re-investmentInterest is re-invested & compounded on quarterly basis
Monthly Regular
Income
Interest at discounted rate is paid on monthly basis. Ideal scheme for
pensioner / retired / senior citizen
Short TermEarn interest on idle money by depositing in this scheme for
short duration i.e. 7 days to 365 days
Quarterly IncomeInterest is paid on quarterly / half-yearly basis
Rate of Interest:
Deposit Period
Rate of interest effective from 05/03/2018
Normal
Senior Citizen
/Staff
/Bulk Deposit
Staff / Ex. Staff
+ Senior Citizen
+ Bulk Deposit
(Rs. 15 lacs and above)
(Rs. 15 lacs and above)
More than 1 eligibilities)
7 Days to 45 Days
5.00 %
5.25 %
5.50 %
46 Days to 89 Days
5.75 %
6.00 %
6.25 %
90 Days to 100 Days
7.50 %
7.75 %
7.75 %
101 Days to 180 Days
5.75 %
6.00 %
6.25 %
181 Days to Less than 1 year
7.00 %
7.25 %
7.50 %
Above 1 year and upto 5 years
6.50 %
6.75 %
7.00 %
61 months to 119 months
5.00 %
5.00 %
5.00 %
120 months
6.50 %
6.50 %
6.50 %
-- Income Tax exemption under sec.80C can be availed for FDR’s with duration of 60 months (or more) -- Individuals holding a single FD of Rs. 1,00,000/- (or more) for 60 months (or more) are offered Membership Share.
NRE Deposits : Rate of Interest effective from 05/03/2018
Deposit periodRate of Interest
Above 1 year Less than or equal to 3 years6.50%
Notes: -- In case of any discrepancy, Interest rate card available with the Branch Manager shall prevail. -- Rates quoted are subject to change without notice.