Deposits

 

Note: The interest rates on the Term Deposits stand revised with effect from 10.06.2025. Customers are kindly requested to take note of the same.

Fixed Deposit

Fixed Deposit scheme is the right option for those who wish to invest their hard-earned money and get periodical income by way of interest. You can opt for monthly, half-yearly, quarterly or yearly interest payments. One can even avail a loan against the Fixed Deposit.

Duration Rate of Interest
07 days to 14 days 3.75%
15 days to 45 days 4.00%
46 days to 90 days 5.00%
91 days to 179 days 5.25%
180 days to 269 days 6.00%
270 days upto 12 months 6.25%
Above 12 months upto 24 months 7.00%
Above 24 months upto 36 months 6.75%
Above 36 months upto 60 months 6.50%
Above 60 months 6.25%

Recurring Deposit

A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically to plan for your future needs. Standing instructions facility is also available to make the monthly payment.

Duration Rate of Interest
Above 12 months upto 24 months 7.00%
Above 24 months upto 36 months 6.75%
Above 36 months upto 60 months 6.50%
Above 60 months 6.25%

Nitya Nidhi Deposit (NND)

Nithya Nidhi is a daily deposit scheme exclusively launched for the benefit of daily wage earners and small traders. The scheme aims at inculcating the habit of saving and extending monetary support when there is a need for lump sum capital funds to achieve their financial aspirations.

Bulk Deposits

The Co-operative Societies investing in Term Deposits of Rs. 15.00 lakhs and above in single receipt for minimum period of 180 days shall be given 0.25% extra.

The State Government Corporation, Local Bodies, PDA’s etc. investing in Term Deposit of Rupees 15.00 lakhs and above for a minimum period of 180 days shall be given 0.25% extra.