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.

» 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 of 0.50% PA for Senior Citizens.

» Interest amount will be paid on maturity along with principle.

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.

» 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.