Fixed Deposit

Fixed Deposit (FD)*

(Interest,  Monthly , Quarterly , Half Yearly, Yearly)

Eligibility:
Individuals (singly or jointly), Minor / guardian, Organizations, Co-op. Societies.

Minimum Balance:
Rs. 1000/- and further rise in multiples of Rs. 100/-

Charges / Penalty:
1% pre closure charges applicable for Fixed Deposits before maturity.

 

Akshaya Bharathi Deposit:

Its Cumulative Deposit. Minimum period of deposit is 15 Months

Deposit PeriodFD Interest ratesAKDSB A/c
31Days to 180 Days5.50%4%
181 Days to 365 Days7.00%
Above 1 year upto 2 Years8.00%7.50%
Above 2 Year upto 5 Years9.00%8.50%
Above 5 Years to 10 Years7.00%6.50%

For Senior Citizen 0.50% More Interest( Age Proof Must)

Rate of Interest on Fixed Deposits

Period Rate of Interest
31 Days to 180 Days5.50%
181 Days to 365 Days7.00%
Above 1 Year upto 2 Years8.00%
Above 2 years upto 5 Years9.00%
Above 5 years Up to 10 Years7.00%

0.50% extra for SENIOR CITIZENS (60 Years and above) for the deposits of One year and above.

Rate of Interest on Akshaya Bharathi Deposit

PeriodRate of Interest
Above 1 Month upto 2 Years7.50%
Above 2 Years to 5 Years8.50%
Above 5 Years to 10 Years6.50%

0.50% extra for SENIOR CITIZENS (60 Years and above) for the deposits of One year and above.