Term Deposits

Fixed deposit scheme

• 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 deposits / Gouthami Term Deposits

• 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.1,00,000.00 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.

Recurring deposit

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

RD PLUS

A new Scheme RD Plus is introduced in our Bank Major advantages in this Scheme are,

• Depositor can invest upto 10 times of the core installements in a calender month.
• The Core installment should be in the multiples of Rs.100/- upto a maximum of Rs.1,00,000/-.
• The Period of Deposit may vary from 6 months to 60 months.
• Interest will be paid on daily products.
• Nomination facility available.
• Senior citizens will be allowed 0.5% extra rate of interest.