FIXED TERM DEPOSIT
| Type | Details |
| Re-investment | Interest 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 Term | Earn interest on idle money by depositing in this scheme for
short duration i.e. 7 days to 365 days |
| Quarterly Income | Interest 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 period | Rate of Interest |
| Above 1 year Less than or equal to 3 years | 6.50% |
Notes:
-- In case of any discrepancy, Interest rate card available with the Branch Manager shall prevail.
-- Rates quoted are subject to change without notice.
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