Fixed Deposit Schemes

Following are the features of Fixed Deposit Schemes :

1. Monthly Interest Scheme

Features : Invest lumpsum amount and get Monthly interest to meet your regular needs.
Period : Minimum 12 months, Maximum 120 months
Interest will be paid at discounted rate as per RBI guidelines

2. Quarterly Interest Scheme

Features : Invest lumpsum amount and get Quarterly interest to meet your periodical needs.
Period : Minimum 12 months, Maximum 120 months

3. Half Yearly Interest Scheme

Features : Invest lumpsum amount and get Half Yearly interest to meet your periodical needs.
Period : Minimum 12 months, Maximum 120 months

4. Cumulative Interest Deposit - Vidya Vachan Patra

Features : Invest lumpsum amount and get amount with interest on maturity. Interest compounded quarterly.
Period : Minimum 12 months, Maximum 120 months

5. Short Term Deposit

Features : Invest lumpsum amount for the short period and get amount with interest on maturity.Auto Renewal facility available. Period : Minimum 15 days, Maximum 364 days. Auto renual facility is available.

Note :

Rate of Interest will be as per RBI directives and as per Bank’s policy from time to time.
Premature withdrawal of Term Deposit is allowed subject to prevailing rules of Bank.
Loan against Term Deposit is given immediately as per prevailing rules.