Fixed Deposit/Term Deposit.

  • Deposit for period of 15 days and above.
  • Interest normally paid quarterly, half yearly and yearly.
  • Monthly interest can be had paid at discount rate.
  • Fixed deposits can be opened in the name of minors also.
  • Premature withdrawal permitted with applicable penalty.
  • Fixed deposits can be closed prematurely with interest upto the date of closing.
  • Interest rate applicable for completed periods.
  • TDS applicable,form 15H/15G to be submitted for exemption.
  • Loan upto 85% of the  deposit, with interest 2% above the deposit rate.
  • Nomination facility available.