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Fixed Deposit

Tenure

45 Days to 120 Months

Minimum Deposit

₹ 1,000/-

Senior Citizen Bonus

+ 0.50% Extra Interest

Deposit Insurance

Up to ₹1 Lakh (DICGC)

Key Features & Benefits

Open for Individual, Minor, HUF, Firm, Company, Club, Trust, Society, Association & more.

Attractive interest rates updated from time to time by the bank.

Guardian can open Minor's FD. On maturity, minor (turned major) can withdraw with valid age proof.

Monthly and Quarterly interest payment options available as per customer instruction.

Loan/OD maturity date matches the FD receipt maturity date.

Flexible tenure from 45 days to 120 months as per your requirement.

0.50% extra interest rate for Senior Citizens (age 60 years or above).

Nomination facility available for all deposit accounts.

Loan & Overdraft facility available against FD receipt up to 90% of deposit value.

TDS on interest income deducted as per the Income Tax Act.

Loan Against FD

Get up to 90% loan on your Fixed Deposit

Senior Citizen Benefit

Citizens aged 60 years or above are eligible for an additional 0.50% per annum interest rate on all Fixed Deposits. A valid age proof document must be submitted at the time of account opening to avail this benefit.

Rules & Regulations

  • Depositor has to fulfil KYC norms as per RBI directives.
  • Customer can open Fixed Deposit A/c with a minimum of ₹1,000/-.
  • Guardian can open Minor's Fixed Deposit A/c. When the minor turns major, after providing valid age proof, he/she can withdraw the amount with his/her own signature.
  • The maturity amount is payable on maturity date. If the depositor does not renew or withdraw the deposit, extra interest will not be payable for delayed days.
  • The bank's management reserves all rights to change the Interest Rate of the Fixed Deposit Scheme without prior notice. Change of interest rate will be applicable to new deposits only.
  • The Bank reserves all rights of appropriation, set-off, lien, and may change the rules and regulations for the scheme.
Deposit Details

₹ 1,000

Minimum Deposit

45 Days – 120 Months

Flexible Tenure

Monthly

Interest Payout

Quarterly

Interest Payout

Loan Against FD

Loan Eligibility

Up to 90%

Maturity Date

= FD Maturity

Overdraft facility also available. Loan maturity date is same as FD receipt maturity date.

Documents Required

Photo Identity Proof

  • Passport
  • Driving Licence
  • Voter ID Card
  • Aadhaar Card
  • PAN Card
  • Government Approved College / University I-Card
  • Government / Semi-Government / Department I-Card

Address Proof

  • Ration Card
  • Electricity Bill (not more than 2 months old)
  • Telephone Bill (not more than 2 months old)
  • Municipal Tax Bill
  • Aadhaar Card
  • Driving Licence
  • Other proof acceptable by Bank

Other Requirements

  • 2 Passport Size Photographs
  • PAN Card or Declaration on Form 60/61
  • Senior Citizens must produce age proof to avail extra interest rate benefit

TDS Notice

Tax Deducted at Source (TDS) on interest income will be deducted as per the Income Tax Act.