• Individuals in their own names or in their joint names or in the names of their minor children, firms, HUF trust, Corporate, Clubs, Associations, Co-operative Societies can invest their surplus funds and earn attractive interest.
  • Meant for those who wish to invest funds in one lump sum and get interest periodically.
  • Interest is paid as prescribed by the Bank and as applicable to the period. Interest will be remitted to any person or account at the request of the depositor.
  • Period of deposit ranges from 15 days to 10 ears.
  • Automatic renewal facility.
  • Nomination facility for individuals.

 



Period
INTEREST RATE (w.e.f 10.06.2020)
General Public Senior Citizens, Trust, Associations, Educational
institutions, Co-operative institutions
Rs.15 Lakhs and above
30 days to 45 days 4.50 4.50 4.50
46 days to 90 days 5.00 5.00 5.00
91 days to 180 days 5.25 5.25 5.25
181 days to 1 year 5.50 5.50 5.50
Above 1 year upto 3 years 6.00 6.50 6.50
Above 3 years upto 5 years 6.00 6.50 6.50
Above 5 years upto 10 years 6.00 6.50 6.50