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    Fixed deposit schemes offered by the bank provide attractive interest rates for long term savings and investments ranging from 5% for deposits between 30-45 days to 11% for deposits between 3 to 5 years. The table clearly lists the interest rates for different deposit terms, with rates increasing as the term length grows, ensuring safe growth of investments over time. Senior citizens receive an additional 0.5% interest and the minimum deposit amount is Rs. 1000 in multiples of Rs. 1000, with no tax deducted at source for bank members.

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    Fixed deposit schemes offered by the bank provide attractive interest rates for long term savings and investments ranging from 5% for deposits between 30-45 days to 11% for deposits between 3 to 5 years. The table clearly lists the interest rates for different deposit terms, with rates increasing as the term length grows, ensuring safe growth of investments over time. Senior citizens receive an additional 0.5% interest and the minimum deposit amount is Rs. 1000 in multiples of Rs. 1000, with no tax deducted at source for bank members.

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    5 views1 page

    Fixed Deposits

    Uploaded by

    prithesh
    Fixed deposit schemes offered by the bank provide attractive interest rates for long term savings and investments ranging from 5% for deposits between 30-45 days to 11% for deposits between 3 to 5 years. The table clearly lists the interest rates for different deposit terms, with rates increasing as the term length grows, ensuring safe growth of investments over time. Senior citizens receive an additional 0.5% interest and the minimum deposit amount is Rs. 1000 in multiples of Rs. 1000, with no tax deducted at source for bank members.

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    FIXED DEPOSIT

    If you wish to consider long term investments that allow you to earn higher interests on your savings,
    we have very attractive fixed deposit schemes slated to ensure safe growth of your investments.

    The table below gives a clear picture of our fixed deposit interest rates for different terms:

    Term Deposit With Effect From (16th August , 2018)

    Period Interest Rate (p.a)

    30 days to 45 days 5%

    46 days to 180 days 7.5 %

    181 days to 364 days 8%

    1 year to less than 2 years 10 %

    2 years Upto 3 years 10.5 %

    3 years Upto 5 years 11 %

    • 0.5% extra for Senior Citizens. (Age 60 years and above)

    • Minimum Deposit: Rs. ONE THOUSAND & in multiples of Rs.1000/-

    • No TDS deduction (for Members Only)

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