Fixed Deposit
w.e.f. 01/04/2024
TERM DEPOSIT
| TERM OF DEPOSIT | GENERAL | SENIOR CITIZENS (AGE 60 YEARS TO 79 YEARS) | |
|---|---|---|---|
| DEPOSITS BELOW RS. 01 CRORE | |||
| 07 Days to 90 Days | 4.00 % | - | |
| 91 Days to 180 Days | 4.50 % | - | |
| 181 Davs to 364 Days | 5.50 % | - | |
| 12 Months to 36 Months | 6.80 % | 7.50 % | |
| 37 Months to 84 Months | 6.50 % | 7.00 % | |
| 12 Months and above | 7.30 % | 7.30 % | |
RECURRING DEPOSIT
| TERM OF DEPOSIT | RATE OF INTEREST |
|---|---|
| 12 Mornths to 36 Months | 6.80 % |
| 48 Months to 84 Months | 6.50 % |
Note:
1) Maximum Term/Period of Deposit will be 84 Months (i.e. 7 Years).
2) Customers with Age 60 years and above will be considered Senior Citizens and with age 80 years and above will be considered Super Senior Citizens.
3) Bulk Deposit rate would be applicable when the deposit is kept under one single Term Deposit of Rs. 01 Crore and above for a minimum term of 12 months.
4) Recurring Deposit Account would be in multiple of 12 months and maximum period will be 84 months (i.e. 7 years).
5) Special Deposit Scheme for Aspiring Shareholders : Individuals interested in becoming shareholders of the bank can invest a minimum of ₹5 lakh under this special deposit scheme. Minimum 5 shares and thereof in multiples of 5, will be allotted based on the investment amount. The deposit comes with a mandatory lock-in period of 3 years, during which redemption will not be permitted.!This scheme will be applicable till 31-03-2025.For more details contact Bank
6) Special Fixed Deposit Scheme for Ex-Staff : Ex-staff who have worked with the bank for at least 5 years, will be paid an additional interest of 0.5% over and above the prevailing rate on Term Deposits invested for a tenure of 01 year and above.For more details contact Bank.