We provide options to each individual to choose a category of savings account
depending upon their personal requirements and services, to meet their banking needs.
Individuals and groups eligible for a recurring fixed deposit
Easy investment with attractive returns
Payment through standing instructions
Build your savings on a regular basis
Extra rate of interest of 0.50% for senior citizens
Lock-in your rates for future deposits
Loan up to 75% of the invested amount is permitted
Deposit / Investment Amount
Minimum amount of investment: Rs. 1000.
More money can be deposited in multiples on Rs. 100.
Minimum- 6 months |
Maximum - 10 years
In case of premature closure:
1% below the rate of interest applicable for the period of the deposit
A deposit account can also be opened by depositing cash or transferring funds from savings and current accounts.
Build your savings through fixed monthly deposits
Deposits can be accepted from a period of 6 Months to 10 years
You can just walk into any branch of our bank.
Tax is deducted at source from the interest accrued on the recurring deposit as per the Income Tax Act 1961
Yes, penalty will be applicable as per our policy. Refer to Service Charges & Fee
Yes, senior citizens will get benefits in the form of higher interest rates as per our policy
Yes, a nomination facility is available in the name of individuals
Minimum deposit amount is Rs. 100