Term Deposits Schemes

  • Fixed Deposits
  • Kamadhenu Deposits
  • Recurring Deposit

Fixed Deposits

Fixed Deposits Non Cumulative nature (TDR in e-KGB)

Eligibility Individual, Joint (not more than 4), a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
Minimum Deposit Period 7 days
Maximum Deposit Period* 10 years
Minimum Deposit Amount Rs 1000
Maximum Deposit Amount No ceiling
Rate of Interest Depending upon the period of the deposit as prevailing from time to time
Periodicity of Interest Payment Monthly (at discounted rates), Quarterly, Half-yearly or Annual intervals as per depositor's choice
Penalty for premature closure/ premature extension of Dep.
  • A penalty of 1.00% will be levied for premature closure/ premature extension
  • No interest will be payable on term deposits prematurely closed/ prematurely extended before completion of 7 days.
TDS on Interest Tax is deductable on interest/accrued as per TDS provisions applicable from time to time.
Loan facility Available upto 75% of the deposit amount (branches shall refer delegation of powers before granting the loans.
Special Rate For Senior Citizen Additional interest rate of 0.50% uniformly across all maturities, irrespective of the size of the deposit over & above the rate offered for General Public
Nomination Facility Available
Application and documentation
  • Bank’s prescribed format
  • Valid documents as per extant KYC policy of the Bank.
  • Copy of PAN Card - self attested
  • Two color recent passport sized photographs.
  • Photograph need not be insisted from the depositors already having their SB/Current A/cs with photographs. However, in case of literate depositor photograph shall be obtained.
  • Any other related documents as applicable to proprietor ship concern, Partnership ,Firm, Company, HUF etc.

*In case of Court deposits the deposits can be made beyond 10 years at the RoI applicable to the RoI for 10 years deposit.

*All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.

Kamadhenu Deposits

Kamadhenu Deposits Cumulative nature

Eligibility Individual, Joint (not more than 4), a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
Minimum Deposit Period 5 Months
Maximum Deposit Period* 10 years
Minimum Deposit Amount Rs 1000
Maximum Deposit Amount No ceiling
Rate of Interest Depending upon the period of the deposit as prevailing from time to time
Periodicity of Interest Payment On Maturity
Penalty for premature closure/ premature extension of Dep.
  • A penalty of 1.00% will be levied for premature closure/ premature extension
  • No interest will be payable on term deposits prematurely closed/ prematurely extended before completion of 7 days.
TDS on Interest Tax is deductable on interest/accrued as per TDS provisions applicable from time to time.
Loan facility Available upto 75% of the deposit amount (branches shall refer delegation of powers before granting the loans.
Special Rate For Senior Citizen Additional interest rate of 0.50% uniformly across all maturities, irrespective of the size of the deposit over & above the rate offered for General Public
Nomination Facility Available
Application and documentation
  • Bank’s prescribed format
  • Valid documents as per extant KYC policy of the Bank.
  • Copy of PAN Card - self attested
  • Two color recent passport sized photographs.
  • Photograph need not be insisted from the depositors already having their SB/Current A/cs with photographs. However, in case of literate depositor photograph shall be obtained.
  • Any other related documents as applicable to proprietor ship concern, Partnership ,Firm, Company, HUF etc.

*In case of Court deposits the deposits can be made beyond 10 years at the RoI applicable to the RoI for 10 years deposit.

*All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.

Recurring Deposit

Recurring Deposit

Eligibility Individual, Joint (not more than 4), a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
Minimum Deposit Period 6 Months
Maximum Deposit Period* 10 years
Minimum Deposit Amount Rs50 per month (and in multiples thereof)
Maximum Deposit Amount No ceiling
Rate of Interest Depending upon the period of the deposit as prevailing from time to time
Periodicity of Interest Payment On Maturity
Penalty for premature closure/ premature extension of Dep.
  • A penalty of 1.00% will be levied for premature closure/ premature extension
  • No interest will be payable on term deposits prematurely closed/ prematurely extended before completion of 7 days.
TDS on Interest Tax is deductable on interest/accrued as per TDS provisions applicable from time to time.
Loan facility Available upto 75% of the deposit amount (branches shall refer delegation of powers before granting the loans.
Special Rate For Senior Citizen Additional interest rate of 0.50% uniformly across all maturities, irrespective of the size of the deposit over & above the rate offered for General Public
Nomination Facility Available
Application and documentation
  • Bank’s prescribed format
  • Valid documents as per extant KYC policy of the Bank.
  • Copy of PAN Card - self attested
  • Two color recent passport sized photographs.
  • Photograph need not be insisted from the depositors already having their SB/Current A/cs with photographs. However, in case of literate depositor photograph shall be obtained.
  • Any other related documents as applicable to proprietor ship concern, Partnership ,Firm, Company, HUF etc.

*In case of Court deposits the deposits can be made beyond 10 years at the RoI applicable to the RoI for 10 years deposit.

*All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.