Term Deposits Schemes

• Interest is paid on simple interest rate basis.
• Depositors have the option to receive interest, monthly / quarterly / Half-Yearly / Yearly.
• Minimum Amount – Rs. 500.00.
• Minimum Period – 30 days & Maximum Period – 10 years.

• Compound Interest is paid calculated on quarterly rests.
• Minimum Amount – Rs. 500.00.
• Minimum Period – 12 months & Maximum Period – 10 years.

• Compound Interest is paid calculated on quarterly rests.
• Minimum Amount – Rs. 100.00.
• Minimum Period – 12 months & Maximum Period – 10 years.

• No penalty on pre-mature encashment of Deposits in above schemes. (Interest shall be paid at the rate applicable for the period, the deposit has run).
• Auto renewal of Fixed & Re-investment deposits.
• Loan may be availed to the extent of 90% of the accrued value of deposit. (Interest shall be charged 1% over the rate of interest payable on such deposit).
• 0.50% p.a. interest extra on deposits placed by Sr. Citizens.