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Fixed Deposit

Fixed Deposit

Interest Application

  • quarterly or monthly basis with a discount

Salient Features

  • A time deposit for a fixed period to earn interest with easy liquidity

Min Amt

  • Minimum Deposit- Rs.1000/-

Max Amt

  • No Maximum

Min Period

  • Minimum 7 days, Maximum 10 years
  • Senior Citizens are eligible for additional rate of 0.50% p.a for an aggregate amount up to   Rs.10 crore.
  • However, no single deposit to be opened in a day for more than Rs 2 Cr within the overall limit of Rs 10 Cr tagged to a single CIF.
  • The above ceiling is applicable to all types of term deposits standing in the name of the Senior Citizen as the principal account holder at one or more branches put together.

Other Requirements/Details

  • Automatic renewal facility for equal period
  • Loan / nomination /pre closure facilities available.

( Last modified on Apr 22, 2020 at 05:04:30 PM )