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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 17/06/2019
Normal Senior Citizen   / Staff   /  Bulk Deposit 
(Rs. 15 lacs and above)
Staff / Ex.Staff   +  Senior Citizen    +    Bulk Deposit  
(Rs. 15 lacs and above)  (More than 1 eligibilities)
7 Days and 45 Days 5.00% 5.25 % 5.50%
46 Days and 89 Days 5.75% 6.00 % 6.25%
1 Year or above and less than 2 Years 7.00% 7.25% 7.50%
2 Years or above and less than 3 Years 7.25% 7.50% 7.75%
3 Years or above and upto 39 Months 7.75% 8.00% 8.25%
39 Months or above and upto 5 Years 7.25% 7.50% 7.75%
61 Months To 119 Months 5.00% 5.00% 5.00%
120 Month 6.50% 6.50% 6.50%
  • Income Tax exemption under section 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 17/06/2019
Deposit period Rate of Interest
1 Year or above and less than 2 Years 7.00%
2 Years or above and less than 3 Years 7.25%
3 Years 7.75%

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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