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 15/01/2019
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 364 Days
6.25 %
6.50 %
6.75 %
1 Year Or Above and Less Than 3 Year
7.50 %
7.75 %
7.75 %
3 Year or Above and Less Than 5 Year
7.00 %
7.25 %
7.50 %
5 Year or Above and Less Than 10 Year
5.00 %
5.00 %
5.25 %
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 15/01/2019
Deposit period Above 1 year Less than or equal to 3 years7.50%
Notes: Rates quoted are subject to change without notice.