Deposits are accepted ranging from 30 days to 10 years and the interest is paid at regular intervals (monthly/quarterly/half yearly) at an attractive rate of interest.
All individuals / associations etc. are eligible to open the Fixed Deposit Account.
Fixed Deposits can also be accepted for any period in multiples of complete months or even for a period where the terminal month is incomplete.
Ex. For 13 months and 12 days.
For Rate of Interest Click Here

Short Term Deposits of 30 days duration are accepted under the scheme and will be automatically renewed together with interest repeatedly for 30 days at a time.
No need to produce the deposit receipt for renewals. TDS if applicable will be deducted on every renewal.
Deposits are accepted from Individuals as well as from Firms and Societies and issued in multiples of Rs. 100/-. >

• The scheme is primarily intended for those who are interested to save a small portion of their earnings on day to day basis, for investment in productive activities.

  The minimum amount of Deposit is Rs.50/- per day. The minimum period of deposit is 12 months and maximum is 36 months.

  MDD account may be opened in the:

1. Name of individual’s.
2. Joint names payable to either or survivor
3. Name of Firm
4. Name of Minors duly represented by their Guardians (declaration about the date of birth of minor is to be submitted).

• Amounts can be credited into the account by a depositor through an Authorized Agent of the Bank.

  The Authorized Agent of the Bank will collect the deposit at the doorsteps of the depositor, and issue acknowledgement receipt/slip. The Authorized Agent will carry an Identity Card issued by the Bank.

   The rate of interest payable on this deposit is:

1.  Less than 12 months - Nil
2. 12 months & above and up to & including 25 months 2.50%, p.a.
3. Above 25 months and up to & including 36 months 3.50%. p.a.

• Prematurity Refund:

  Before one month - Not Permitted

  After 1 Month & before 12 months - Permitted with penalty @3% and without interest

  12 Months and above - Interest will be paid at applicable MDD rates

  Loans:

  Bank may consider granting of loans at its discretion up to 75% of the outstanding amount against the security of Deposit amount. The minimum loan shall be Rs. 5000/- and the rate of interest is 10% p.a.

It is a special term deposit under which the quarterly interest payable is reinvested. As a result the interest on term deposit transforms into a higher effective rate of interest. 

• Deposits are accepted under the scheme in multiples of Rs. 100 , for periods ranging from 12 to 120 months.
• Deposits can be opened by individual either singly or jointly with others.
• A natural guardian can open the account on behalf of a minor by giving declaration of the date of birth of the minor.

For Rate of Interest Click Here

The Fixed Deposits and multiplier deposits made under this scheme are in all respects the same as our normal Fixed Deposit and Multiplier Deposits as for as governing the systems and procedures and interest rate structure ore concerned.

• Investment in these deposits cannot exceed Rs. 1.50 Lac (As per the latest amendment by Govt. of India).
• It can be any amount in multiples of Rs. 100 upto Rs. 1.50 Lac
• Accounts can be opened by individuals or HUFs.
• Deposit has to be at least for a period of 5 Years and no premature encashment are permitted before the expiry of 5 Years from the date of deposit receipt.
• Deposits cannot be pledged at collateral security or otherwise.

A recurring deposit may be opened in the names of Individuals, joint holders, minors, firms, institutions, associations and companies without restriction to number of accounts.

• Recurring Deposit accounts are for definite period ranging from 12 to 120 months
• Instalments in multiples of Rs. 5.00 per month are acceptable
• Monthly instalment and period of the deposit cannot be altered subsequently under any circumstances.
• If closed before 3 months, no interest needs to be paid.
• Loans on recurring deposit may be granted subject to margin and rate of interest prescribed by Head Office from time to time.