Deposit Schemes
Term Deposit
Fixed Deposit is also known as Term Deposit. Fixed Deposit means an amount is deposited at Bank for a fixed period. The bank offers a fixed rate of interest for that period. The banks offers a wide range of period; from 7 days to 10 years. The interest rate varies according to the duration of deposits.
- Minimum Amount Rs.1000
- No upper limit
- Term Deposits Interest Rates
- Rate of Interest on Deposits revised from 01.11.2022
| Period of Deposit | Tenure | Interest Rate |
|---|
| a | 15 days to 45 days | 5 3/4% |
| b | 46 days to 90 days | 6 1/4% |
| c | 91 days to 179 days | 6 3/4% |
| d | 180 days to 364 days | 7% |
| e | 1 year and above | 8.35% |
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