Secure Your Future,
Grow Your Wealth!
Guaranteed returns and financial security—grow your wealth with Fixed Deposits!
FIXED ACCOUNT
Secure Your Future,
Why you choose our Fixed deposit
Fixed Deposit (FD) Account
Secure your savings with a fixed return. Choose your deposit period and earn assured interest!
Who can open an account?
- Individual in his own name.
- Two or more individuals in joint names with repayment instructions.
- A guardian on behalf of a minor.
- Co-op societies, clubs, associations, educational institutions, trusts, firms, partnership concerns, joint stock companies, executors, and administrators.
Mode of Opening an Account
- Account can be opened with a minimum of Rs.500/-.
- Depositor must submit an application in the prescribed form.
Period of Deposit
- Customer can choose the deposit period as per needs, starting from a minimum of 40 days.
Interest
- Interest is paid at rates fixed by the Bank from time to time.
- Interest is paid quarterly or monthly at discounted rates.
Repayment on Maturity
- Deposit is repayable on the maturity date as indicated on the deposit receipt.
Premature Closure
- Premature closure is allowed.
- Interest will be paid at 1% less than the applicable rate for the period the deposit remained.
Renewal of Matured Deposits
- Renewal possible for a minimum of 15 days beyond maturity.
- Renewal must be done within 30 days from the maturity date.
- Interest rate will be based on the prevailing rate on the renewal date.
- Automatic renewal facility available upon request.
Loan Against Deposits
- Loan available up to 80% of the deposit amount.
- Loan interest will be 2% higher than the deposit interest rate.
Transfer of Deposit Account
- Fixed Deposit account can be transferred to another branch upon depositor’s request after maturity.
Nomination Facility
- Nomination facility available.
- Application to be obtained and recorded in Society records.
⚠️ Terms and conditions apply.
Interest Rates for Deposits
| Period | Interest Rate |
|---|---|
| 40 days to 90 days | 5.50% |
| 90 Days to 179 Days | 6.00% |
| 180 Days to 364 Days | 7.00% |
| 1 Year and above less than 2 Years | 9.50% |
| Above 2 years to less than 3 years | 9.60% |
| Above 3 years | 9.75% |
| S.B. A/c (on daily balance of all accounts) | 3% |
| R.D | 9.50% |
| Pigmi | 3.00% |
For Senior Citizens, Societies, Screw, Service Members, Ex-Service Men, an additional 0.50% interest is inclusive in the rates.
Penalty: Penalty rate of interest at 1% will be levied in case of premature withdrawal/re-investment of Term Deposits.