Term Deposit Products

Fixed Deposit Scheme

Our bank has been paying relatively high rate of interest on term deposits since the inception of the bank. The interest rates on term deposits are furnished below:

Period Revised Rates %
(w.e.f. 01.10.2020)
Less than Rs 1 Cr Rs 1 Cr & Above
15 days to 45 days 3.85 3.35
46 days to 90 days 4.60 4.35
91 days to 179 days 5.10 4.85
180 days to 364 days 5.60 5.10
1 year to less than 2 years 6.20 5.85
2 years and above 5.85 5.60
Senior Citizens 0.50% extra in all the above slabs
*Staff of the Bank / Spouse of Deceased Staff / Spouse of Retired Deceased Staff of the Bank 1.00% extra in all slabs
*Retired Staff /Spouse of Deceased Staff, if Senior Citizen / Spouse of Retired Deceased Staff of the Bank, if Senior Citizen 1.50% interest extra on all slabs up to Rs.75 Lakh
AKSHAYA Term Deposit Scheme – III (Non-Callable) 6.00% for one year period
  • Term deposit scheme with quarterly interest drawal facility.
  • Monthly interest drawal facility is also available at the option of the customer at discounted rate of interest.
  • Deposit can also be made for minimum period of 15 days.
  • Maximum period of deposit is 120 Months.
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.

Kalpalatha Term Deposit (KTD)/Gouthami Term Deposit (GTD):

  • Term deposit scheme with reinvestment of interest quarterly.
  • Minimum period 6 Months
  • Maximum period 120 Months
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.

Tax saver Term Deposit:

  • Term deposit scheme with tax exemption facility upto Rs.1,00,000/- under 80 CC of IT Act.
  • Minimum period is 60 Months.
  • No premature cancellation and no deposit loan allowed on the deposit.
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.