fixed deposit

Deposits

  1. Fixed Deposit           – Interest payout scheme

                                         (Monthly/Quarterly/Half yearly/Yearly )

  1. Re Investment          – Interest compounded (quarterly compounded)
  2. Recurring Deposit     – Monthly Installment  (Quarterly compounded)

Deposits interest rate    With Effect from 16.08.2021

  • From 30 Days to   90 Days                                           5.00 %
  • From 91 Days to  180 Days                                         5.50 %
  • From 181 Days to less than 1 Year                         5.75 %
  • 1  Years to Below 3 Years                                            6.75 %
  • 3  Years to up to 5   Years                                            7.25 %
  •  5Years and above upto & Inclusive of 6 Years      7.40%

 

  • Deposit up to Rs.5,00,000/- Covered under DICGC (Deposit Insurance and Credit Guarantee Corporation) scheme
  • Additional interest to Senior Citizens  0.50% for period of 30 days and above
  • Additional Interest to single deposit of Rs.1 crores and above 0.25%
  • Interest payment is subject to TDS