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 15 days to 10 years. The interest rate varies according to the duration
Minimum Amount Rs.1000
No upper limit
Term Deposits Interest Rates
Rate of Interest on Deposits revised from 01.12.2016
| 7 days to 14 days | 4.25% |
| 15 days to 45 days | 4.50% |
| 46 days to 90 days | 5.00% |
| 91 days to 179 days | 5.50% |
| 180 days to 364 days | 6.00% |
| 12 months to 18 months | 7.00% |
| Above 18 months upto 2 years | 6.75% |
| Above 2 years upto 3 years | 6.75% |
| Above 3 years upto 5 years | 6.75% |
| Above 5 years upto 10 years | 6.75% |
0 .50% extra interest for Senior Citizen
