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deposits

Earn higher interest by investing your money in our fixed and recurring deposits. We provide flexibility with our lock-in periods that help you make long term decisions with your hard-earned money.

Fixed Deposits

  • Minimum amount- `1,000 and in multiples of `100 thereof

  • Fixed Deposits can be opened for a minimum period of 7 days to a maximum of 10 years

  • Interest payment options - monthly, quarterly, half yearly, annually and at Maturity (Discounted interest rate for monthly interest payout option)

  • Premature Closure and Partial Withdrawal facility allowed

  • Can be opened at Centre meetings (upto `5,000), branch, mobile banking and Net Banking

  • The rate of interest paid for fixed deposits will vary according to tenure and amount

  • 0.5% additional rate for senior citizens

Recurring Deposits

  • Minimum amount- `100 and in multiples of `100 thereof

  • Tenure- 6 months to 10 years

  • Interest calculated quarterly and paid at Maturity only

  • Premature Closure facility allowed

  • Can be opened at Centre meetings (upto `5,000), branch, mobile banking and Net Banking

  • Customers can fund the Recurring Deposits across any branch irrespective of whether he/she has an account with that branch

  • 0.5% additional rate for senior citizens

Click here to view interest Rates

TASC Fixed Deposits

  • Minimum amount- `25,000 and in multiples of `100 thereof

  • Fixed Deposits can be opened for a minimum period of 7 days to a maximum of 10 years

  • Interest payment options - monthly, quarterly, half yearly, annually and at Maturity

  • Premature Closure and Partial Withdrawal facility allowed

  • The rate of interest paid for fixed deposits will vary according to tenure and amount

Tax Saver Fixed Deposit

  • Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961.

  • Minimum Rs 1000 and Maximum of Rs 1,50,000 for a 5 year lock-in-period

  • Eligibility: For Residents and HUF (Hindu Undivided Family)

  • Interest Payment Options – Quarterly , Monthly (Discounted) and at Maturity

NOTE : As per the Term Deposit Scheme, 2006 issued by the Central Government of India , premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted