Term Deposits
Fixed deposit scheme
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Term deposit scheme with quarterly interest drawal facility.
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Monthly interest drawal facility is also available at the option of the customer at discounted rate of interest.
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Deposit can also be made for minimum period of 15 days.
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Maximum period of deposit is 120 Months.
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Senior citizens will be allowed 0.5% extra rate of interest.
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Nomination facility available.
Kalpalatha term deposits / Gouthami Term Deposits
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Term deposit scheme with reinvestment of interest quarterly.
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Minimum period 6 Months
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Maximum period 120 Months
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Senior citizens will be allowed 0.5% extra rate of interest.
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Nomination facility available.
Tax saver term deposit
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Term deposit scheme with tax exemption facility upto Rs.1,00,000.00 under 80 CC of IT Act.
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Minimum period is 60 Months.
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No premature cancellation and no deposit loan allowed on the deposit.
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Senior citizens will be allowed 0.5% extra rate of interest.
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Nomination facility available.
Recurring deposit
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Term deposit scheme with fixed monthly installments payment facility.
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Minimum period 6 Months.
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Maximum period 120 Months.
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Senior citizens will be allowed 0.5% extra rate of interest.
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Nomination facility available.
RD PLUS
A new Scheme RD Plus is introduced in our Bank Major advantages in this Scheme are,
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Depositor can invest upto 10 times of the core installements in a calender month.
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The Core installment should be in the multiples of Rs.100/- upto a maximum of Rs.1,00,000/-.
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The Period of Deposit may vary from 6 months to 60 months.
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Interest will be paid on daily products.
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Nomination facility available.
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Senior citizens will be allowed 0.5% extra rate of interest.