We are working with a motto to serve the Banking needs of the people on the pillars of the Co-Operative principles. Since inception of the Bank, we are focusing to provide transparent, quick and prompt Banking Services to our valuable clientele.

Term Deposits

Gayatri Bank offers several term deposit schemes for various durations. Our offers include simple reinvestment term deposits at attractive interest rates, to make sure you receive more on your savings with Interest Payout Savings Scheme. Choose an option that suits your needs, sit back and enjoy the benefits.

 Fixed Deposit Scheme 

 Reinvestment Fixed Deposit Scheme

 Monthly Interest Payable Deposit Scheme

Quarterly Interest Payable Deposit Scheme and Yearly Interest Payable Deposit Scheme

 Gayatri Bulk Deposit Schemes

 Recurring Deposits

Surplus funds lying idle for a short period of time can also work hard for you and get you great returns.

Who Can Deposit

Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.

Minimum Deposit : Rs. 1000/- 

Maximum Amount of Deposit: No Limit

Interest :

 Simple Interest will be applicable.

Interest will be paid on the deposits at the rate in force from time to time.

To know about our current Interest Rates, please(Click Here)

Additional Interest Rate for Senior Citizen: 0.50% PA Applicable

Interest is paid along with principal amount on maturity.

Period Of Deposit : Minimum period of 15 days and maximum of 365 days

Deposit Certificate : The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

Loan Against Deposit : Loan can be granted for up to 90 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal : Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General   

Ideal plan to generate interest on surplus funds for a short period of time.

Auto renewal is exercised if maturity instructions are not given.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Recurring Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend, rescind the rules from time to time.

A unique scheme that adds up the interest earned at the end of every quarter to the principal amount, so that you can reap the most of what you invest.

Who Can Deposit : 

  • Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
  • Customers can make Deposits through their Mobile Banking Login also at any time.

Minimum Deposit : Rs. 1000/-

Maximum Amount of Deposit : No Limit

Interest :

Interest will be quarterly cumulative.

Interest will be paid on the deposits at the rate in force from time to time.

To know about our current Interest Rates, please (Click Here)

Additional Interest Rate for Senior Citizen: Additional 0.50% PA is applicable

Interest is paid along with principal amount on maturity

Payment of Monthly interest will be at discounted rate. Interest will be paid at the contracted rate irrespective of change in the rates thereafter till maturity.

Period of Deposit:Minimum period is 366 Days.

Maximum period is 120 months or any period decided by the Bank from time to time.

Deposit Certificate: The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

Loan against Deposit: Loan can be granted for up to 90 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal: Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General

Ideal plan to generate more interest on surplus funds for a short& long period of time.

Auto renewal is exercised if maturity instructions are not given.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Fixed Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend and rescind the rules from time to time.

A term deposit is an Interest Payout savings scheme which offers interest at monthly basis.

Who Can Deposit

  • Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
  • Customers can make Deposits through their Mobile Banking Login also at any time.

Minimum Deposit: Rs. 1000/-

Maximum Amount of Deposit: No Limit

Interest :

Interest will be paid on the deposits at the rate in force from time to time.

To know about our current Interest Rates, please (Click Here)

Additional Interest Rate for Senior Citizen: Additional 0.50% PA is applicable

Interest amount will be paid monthly.

Payment of Quarterly interest will be at discounted rate. Interest will be paid at the contracted rate irrespective of change in the rates thereafter till maturity.

Period of Deposit: Minimum period is 30 Days.

Maximum period is 120 months or any period decided by the Bank from time to time.

Deposit Certificate: The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

Loan against Deposit: Loan can be granted for up to 90 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal: Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General

Ideal plan to generate more interest on surplus funds for a short & long period of time.

Auto renewal is exercised if maturity instructions are not given.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Fixed Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend and rescind the rules from time to time.

A term deposit is an Interest Payout savings scheme which offers interest at quarterly basis.

Who Can Deposit: 

  • Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
  • Customers can make Deposits through their Mobile Banking Login also at any time.

Minimum Deposit: Rs. 1000/-

Maximum Amount of Deposit: No Limit

Interest :

Interest will be paid on the deposits at the rate in force from time to time.

To know about our current Interest Rates, please (Click Here)

Additional Interest Rate for Senior Citizen: Additional 0.50% PA is applicable

Interest amount will be paid Quarterly.

Payment of Yearly interest will be at discounted rate. Interest will be paid at the contracted rate irrespective of change in the rates thereafter till maturity.

Period of Deposit: Minimum period is 91 Days.

Maximum period is 120 months or any period decided by the Bank from time to time.

Deposit Certificate: The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

Loan against Deposit: Loan can be granted for up to 90 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal: Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General

Ideal plan to generate more interest on surplus funds for a short & long period of time.

Auto renewal is exercised if maturity instructions are not given.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Fixed Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend and rescind the rules from time to time.

A term deposit is an Interest Payout savings scheme which offers interest at Yearly basis.

Who Can Deposit

  • Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
  • Customers can make Deposits through their Mobile Banking Login also at any time.

Minimum Deposit: Rs. 1000/-

Maximum Amount of Deposit: No Limit

Interest :

Interest will be paid on the deposits at the rate in force from time to time.

To know about our current Interest Rates, please (Click Here)

Additional Interest Rate for Senior Citizen: Additional 0.50% PA is applicable

Interest amount will be paid Yearly.

Period of Deposit: Minimum period is 365 Days.

Maximum period is 120 months or any period decided by the Bank from time to time.

Deposit Certificate: The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

Loan against Deposit: Loan can be granted for up to 90 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal: Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General

Ideal plan to generate more interest on surplus funds for a short & long period of time.

Auto renewal is exercised if maturity instructions are not given.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Fixed Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend and rescind the rules from time to time.

A term deposit in bulk is a unique savings scheme which offers highest returns.

Who Can Deposit: 

  • Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
  • Customers can make Deposits through their Mobile Banking Login also at any time.

Minimum Deposit: Rs. 15.00 Lakhs

Maximum Amount of Deposit:No Limit

Interest :

Additional interest of 0.50% PA for Bulk Deposits.

Interest will be paid on the deposits at the rate in force from time to time.

To know about our current Interest Rates on Bulk Deposits, please (Click Here)

Additional Interest Rate for Senior Citizen: Additional 0.50% PA is applicable

Interest amount will be paid on Maturity/Monthly/Quarterly/Yearly.

Period of Deposit: Minimum period is 15 Days.

Maximum period is 120 months or any period decided by the Bank from time to time.

Deposit Certificate: The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.

Loan against Deposit: Loan can be granted for up to 90 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal: Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General

Ideal plan to generate more interest on surplus funds for a short & long period of time.

Auto renewal is exercised if maturity instructions are not given.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Fixed Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend and rescind the rules from time to time.

Recurring Deposit is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time.

Who Can Deposit: 

  • Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
  • Customers can make Deposits through their Mobile Banking Login also at any time.

Minimum Deposit: Monthly deposits of Minimum Rs.100/- and in multiples of Rs 100/-.

Maximum Amount of Deposit: No Limit

Interest :

Interest will be paid on the deposits at the rate in force from time to time.

Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD.

To know about our current Interest Rates, please (Click Here)

Additional Interest Rate for Senior Citizen: Additional 0.50% PA is applicable

Interest amount will be paid on maturity along with principle.

Period of Deposit: Minimum period is 365 Days.

Maximum period is 120 months or any period decided by the Bank from time to time.

Deposit Certificate: Pass Book will be provided.

Loan against Deposit: Loan can be granted for up to 85 % of the deposit amount against the pledge of Deposit Receipts in case of need.

Premature Withdrawal: Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

General

Where the depositors fail to pay an installment for a calendar month, no reminders will be sent by the Bank.

Penalty will be charged for non-Deposit of monthly installments:

Standing Instructions for auto credit by debiting from Saving/Current Account can be executed for free.

TDS is applicable. Form 15H/15G required to be submitted for exemption of TDS, when you open a Fixed Deposit and subsequently at the beginning of the following financial year.

The Bank reserves the right to alter, amend and rescind the rules from time to time.a

Deposit Insurance

Deposit Insurance on Deposits upto 1 Lakh is Applicable through DICGC, India.

The Deposit Insurance System in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (Wholly owned subsidiary of the Reserve Bank of India) is the body that operates the deposit insurance system.

To download more information click the following link : DICGC
(Website : www.dicgc.org.in )