Deposit Products

Fixed Deposit/ Recurring Deposit

The bank has started the fixed deposit scheme from the year 1999 which is from one year to 5 years in which the interest rate is given higher than other banks. At present, deposits through Fixed Deposit (FDR) and Monthly Deposit Scheme (RD) are invested in various loan schemes from the holders of the bank to the state itself. The bank has also started daily deposit scheme on which attractive interest rates are being given to the investors/deposit holders.

Interest Rate(For General)
Term Deposit Interest Rate %
1 Year 6.40
Above 1 Year to 2 Years 6.30
Above 2 Years to 3 Years 6.20
Above 3 Years to 5 Years 6.20
Daily Deposit 4.00
Saving Bank Deposits 4.00
Interest Rate(For Senior Citizens)
Term Deposit Interest Rate %
1 Year 6.90
Above 1 Year to 2 Years 6.80
Above 2 Years to 3 Years 6.70
Above 3 Years to 5 Years 6.90
Daily Deposit 4.00
Saving Bank Deposits 4.00
Interest Rate(For Societies/Institutions)
Term Deposit Interest Rate %
1 Year 6.90
Above 1 Year to 2 Years 6.10
Above 2 Years to 3 Years 6.20
Above 3 Years to 5 Years 6.20
Daily Deposit 4.00
Saving Bank Deposits 4.00