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.
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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/-. >

A small odd amount of deposit made today grows into a lumpsum rounded off sum i.e., in multiples of Rs. 100/- , Rs. 1000/-,Rs. 5000/-, and so on.

Features :

• • Cash Certificates are issued in the denomination of Rs. 100 and its multiples.
  • Period of deposit ranging from 12 to 120 months and interest is compounded quarterly.

The scheme is intended primarily for those who are eager to save a small portion of their day to day earnings for investment in a productive line of activity.

• The minimum deposit shall be Rs. 1.00 and its multiple thereof per day and the period of deposit may extend from 1 year to 5 years.
• Deposit account may be opened  in the name of single individual only, in special cases accounts may be opened in the name of firm or two persons payable to either or survivor OR in the name of minors duly represented by their Guardians on giving declaration about the date of birth of minor.
• Payments to the account can be made by a depositor through an authorized agent of the Bank.
• The authorized agent of the Bank will collect the deposit at the door steps of the depositor and issue MDD receipts.
• The agent will carry an identity card containing a passport size photograph issued by the Bank in token of his credential.
• The maximum rate off interest payable on this deposit is 3.5%
• At the discretion of the Bank, Bank may consider granting of loans on the security of MDD upto 75% of the amount at credit in the deposit account and the minimum loan should not be less than Rs. 100/- .  The loans will carry interest rate of 10% at present.

It is a fixed deposit scheme coupled with automatic overdraft facility.
Features:

• Minimum Deposits under scheme is Rs. 5000/- or in multiples thereof.
• Minimum period of deposit is 12 months.
• Depositor is issued with a cheque book after opening an overdraft account and fixing the limit for overdraft facility on arriving at the margin of the deposit amount.

• The Scheme is aimed at mobilizing the savings of Salaried Employees and Wage earners
• Helps depositors to plan their savings in order to meet their future contingencies like marriage expenses, higher education, retirement etc..
• Under the scheme, depositor shall pay every month a specified amount for a specific period in order to receive minimum 1 Lac on the date of maturity.
• Deposits are received for definite periods of 15, 24, 36, 48, 60 and 72 months for completed quarters.
• Deposits can be opened independently or in joint names or by a firm / company / association.
• Monthly instalments and period of the deposit cannot be altered subsequently under any circumstances.
• Loans can be granted at the discretion of the Bank subject to margins and rate of interest prescribed by the Bank.

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A rare combination with the both the features of Recurring Deposit and Cash Certificate. Investing the amount at monthly intervals for a specific period and tacit waiting will make you the owner of a sizable amount.

Features:

• • An ideal scheme for recurring Lumsum amount at the end of 10 years by paying monthly instalments only for a limited no of years.
  • The scheme has three packages and all are for period of 10 years wherein the depositor is required to pay monthly installaments for a specified period depending upon the package chosen.
  • Deposits made for the specified period along with interest will remain with the Bank for the balance period of 10 years when the target amount as per the package will be paid.
  • Deposits can be in individual or joint names.
  • Monthly Installments / period of deposit cannot be altered subsequently under any circumstances.

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 far as governing the systems and procedures and interest rate structure are 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 is permitted before the expiry of 5 Years from the date of deposit receipt.
  • Deposits cannot be pledged as 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 shall be paid.
• Loans on recurring deposit may be granted subject to margin and rate of interest prescribed by Bank from time to time.