Note – The interest rates on the Term Deposits stand revised with effect from 16.02.2024. The customers are kindly requested to take note of the same.
Fixed Deposit
Fixed Deposit scheme is the right option for those who wish to invest their hard earned money and get periodical income by way of interest. You can opt for monthly, half-yearly, quarterly or yearly interest payments. One can even avail a loan against the Fixed deposit.
| Duration | Rate of Interest |
| 07 days to 14 days | 4.00% |
| 15 days to 29 days | 4.25% |
| 46 days to 90 days | 5.25% |
| 91 days to 179 days | 5.50% |
| 180 days to 269 days | 6.25% |
| 270 days upto 12 months | 6.50% |
| Above 12 months upto 24 months | 7.25% |
| Above 24 months upto 36 months | 7.00% |
| Above 36 months upto 60 months | 6.75% |
| Above 60 months | 6.50% |
Recurring deposit
A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically to plan for your future needs. Standing instructions facility is also available to make the monthly payment.
| Duration | Rate of Interest |
| Above 12 months upto 24 months | 7.25% |
| Above 24 months upto 36 months | 7.00% |
| Above 36 months upto 60 months | 6.75% |
| Above 60 months | 6.50% |
Nitya Nidhi Deposit (NND)
Nithya Nidhi is a daily deposit scheme exclusively launched for the benefit of daily wage earners and small traders. The scheme aims at inculcating the habit of saving and extend monetary support when there is a need for lump sum capital funds to achieve their financial aspirations.
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