Term Deposits

Ideal to earn higher rate of interest if the investor can spare money for a specified period of time. This deposit plan offers convenient solutions to both working class as well as senior citizens. These products facilitate the depositor to enjoy security and competitive rates of interest on their deposits.

Features:

  1. Any individuals ,firms, corporate bodies ,associations etc. are eligible to deposit in this scheme.
  2. Account can be opened with a minimum of Rs.500/-
  3. Minimum period of 30 days and up to 120months.
  4. Interest is paid monthly/quarterly/Half yearly or along with principal amount on maturity.

Term Deposits

Fixed Deposit

Kshemanidhi Deposit

Cumulative Time Deposit

Laxmi Deposit

Interest rates on Deposits

Sl.No Details Regular Senior Citizens

1

15 days to 90 days

4.00%

4.00%

2

91 days to 180 days

5.00%

5.00%

3

181 days to 1 year

6.00%

6.00%

4

Above 1 year upto 2 years

7.50%

8.00%

5

Above 2 years  upto 3 years

7.75%

8.25%

6

Above 3 years onwards

7.50%

8.00%

Note:

  • Extra 0.50% interest is provided to the customers who deposit Rs.25 Lakh or above in a single payment.