Type Of Deposit | Period Of Deposit | General Public | Staff / Senior Citizen 60+ |
---|---|---|---|
Term Deposit (I) | From 45 Days to 45 Days | 4.50% | 5.00% |
Term Deposit (II) | From 46 Days to 100 Days | 5.00% | 5.50% |
Term Deposit (IIII) | From 101 Days to 332 Days | 6.00% | 6.50% |
Term Deposit (IIIII) | From 333 Days to 1 Year | 7.25% | 7.75% |
Term Deposit (IIIIII) | From 1 Year to 5 Years | 6.50% | 7.00% |
Term Deposits (TDs) Double Deposit. (Min. Rs. 10,000/-, Max. FD/OD 70%) |
125 Months | 117 Months | |
Current Deposits Unicorn - for 45 days Only (LIFO Method & Min. Deposit Rs. 25000/- and multiples thereof) |
4.50% | 4.50% | |
Savings Deposits Unicorn - From 7 Days to 44 Days - From 45 Days to 100 Days (LIFO Method & Min. Deposit Rs. 10000/- and multiples thereof) |
3.00% 5.00% |
3.00% 5.00% |
|
Recurring Deposit (RDs) From 1 Year to 5 Years (6 Monthly) |
6.50% | 6.50% | |
Monthly and Quarterly Interest on Fixed Deposit Scheme | Minimum 333 Days Period |
Auto_Renewal Instruction With Effective From 01-12-2018 :
The Following Term Deposit Type Code Auto Renewal Facility Covered | The Following Term Deposit Type Code Auto Renewal Facility Not Covered |
---|---|
(1) 502- TD Simple | (1) Recurring Deposit (RD) |
(2) 503- TD Quaterly | (2) TDs of Non- Individuals |
(3) 505 - TD Accumulative | (3) TDs >= Rs. 100 Lakhs |
(4) 509 - TD Monthly (Min 333 Days period ) | - |
Terms & Conditions :
Bank will pay 03.00% p.a. ROI in Savings Deposits (SDs).
Single TDs >= Rs. 15 Lakhs (only for General Public) will earn Additional interest of 0.50% p.a., on Term Deposit (TDs) except Double Deposits.
For Staff/Senior Citizen (60+ Years), additional interest will be paid provided that his / her name must be First Name.
Bank can charge 1% Penal Interest in case of Pre-maturity of the deposits.
Notwithstanding anything mentioned above, Bank can pay a Maximum of 7.75% p.a. ROI inclusive of all. Further, Bank will not pay any interest on Deposits upto 44 days (as per Slabs above) except in those specifically mentioned conditions for SDs / Savings Unicorn Deposits / Matures Deposits