Fixed Deposit

Fixed Deposit
  • Park your lumpsum Amount in our Bank Term Deposit and avail the features like guaranteed return, choice of interest pay-out, liquidity through OD or premature withdrawl.
    Invest Today through mobile Banking or by Visiting your nearest Branch.
Features →>
  • Minimum Period of Deposit- 7 Days
  • Maximum Period of Deposit- 10 Days
  • Available at all Branches
  • Minimum Deposit Amount Rs. 1,000/-
  • Maximum Deposit Amount : No Upper Limit
  • A Deposit of Rs. 1 cr. and more is classified as bulk deposit.
  • Nomination available in favour of individual only
  • Transfer ability allowed among Bank Branches
  • Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.
  • TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitting by the depositor for exemption from tax deduction as per IT Rules.
Loan Against Deposit is allowed with applicable margin as under:
S.No Tenure of Deposit Margin
1 > 12 Months 15%

KYC Requirements →
  • A Valid KYC Documents
  • A Latest Photograph
Most Important Terms and Conditions →
  • Interest can be paid at Calendar quarter basis
  • TDS at prevalent Income Tax rate is deducted if From 15G/15H not submitted
  • Premature Closure Available
  • Fixed Deposit (Together with interest ) of Rs. 20,000/- and above shall not be paid in cash.
How to Apply →
  1. Mobile Banking

    2.          Step 1. Login to Mobile Banking and Select E-Deposit
             Step 2. Select the option - E-Deposit
             Step 3. Fill in the required details
             Step 4. On Confirmation, the selected amount will be debited from your saving account and credited to your fixed deposit account instantly. The value for opening of the deposit and the rate applicable will be as per the date of request i.e. the day on which the Saving Account is debited.

  2. Branch Level

                     For Offline Kindly Visit your nearest Branch to Open Fixed Deposit