Features of Fixed Deposits
- Payment of interest at monthly/Quarterly basis as per your requirement
- Change of interest rate will not be affected during the contract period
- Senior citizens get 0.5% extra interest
- Period 15 days to 10 years
- Any amount can be deposited\
- Loan against deposit up to 85% of the deposit amount
- Nomination facility is available.
- Premature withdrawal is allowed and interest at a discounted rate will be paid.
- TDS on interest will be applicable if form 15G/15H not submitted.
- An automatic renewal facility is available on request at the time of deposit.
Documents Required for Fixed Deposit
-
- Aadhar/Passport/Voter Id/Driving License
- PAN Card
- PP size photograph 3 copies
Interest Rates For Fixed Deposit
REVISED INTEREST RATE OF FIXED DEPOSITS
(with effect from 15/01/2024)
| Period of deposit | Individuals | Senior Citizens |
|---|---|---|
| 15 days to 45 days | 5.00% | 5.50% |
| 46 days to 90 days | 6.00% | 6.50% |
| 91 days to 179 days | 7.10% | 7.60% |
| 180 days to below 1 year | 7.50% | 8.00% |
| 1 year to below 2 years | 9.00% | 9.50% |
| 2 years to 10 years | 8.75% | 9.25% |
| Special Scheme for 444 Days | 9.10% | 9.60% |