Fixed Deposit

• Minimum period of deposit – 7 days
• Maximum period of deposit- 10 Years
• Available at all branches
• Minimum deposit amount Rs. 1,000/-
• Maximum deposit amount: No Upper Limit
• A deposit of Rs. 2 crore and more is classified as bulk deposit
• Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.
• Nomination available in favour of individual only
• Transferability allowed among our branches
• TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules.