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.

Maximum Amount of Deposit:

No Limit

» 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 of 0.50% PA for Senior Citizens.

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

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.

» 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.