Deposits
Fixed Deposits (FDs)
As far as Fixed Deposit is concerned, the amount is deposited for a specified period so as to avail the interest rate of said period as mentioned deposit receipt. The rate of interest for Bank Fixed Deposits is decided by the Registrar of Co-Operative Societies. And the rate of interest depends on the maturity period. The maturity period varies from 15 days to 20 years. The interest can be received or transferred to Savings/Recurring Accounts monthly, quarterly, half yearly and yearly. 90 % of deposit amount can be availed as loan. Premature withdrawal is permissible but subject to the rules relating to which.
Key Benefits of FDs
Assured Returns - Interest rate guaranteed at the time of deposit
Flexible Tenure - Ranging from 7 days to 10 years
Higher Interest for Senior Citizens - Additional rate benefit
Loan Facility Available - Up to 90% of FD value as loan
Safe & Secure - Low-risk investment with capital protection
Automatic Renewal Option - For uninterrupted investment growth
Nomination Facility - For added financial security
Why Choose Our Fixed Deposit?
Trusted bank with transparent and customer-friendly terms
Instant FD receipt generation and SMS/email confirmation
Option to open single or joint deposits
Interest paid directly to your account or reinvested
TDS handled with PAN, and Form 15G/15H facility for exemption
Account Snapshot:
| Feature | Details |
|---|---|
| Minimum Deposit | ₹1,000 (may vary depending on product) |
| Maximum Deposit | No upper limit |
| Tenure | 7 days to 10 years |
| Interest Payout Options | Monthly, Quarterly, Half-yearly, Yearly, or on Maturity |
| Interest Rates | Competitive rates (fixed at deposit time) |
| Senior Citizen Benefit | Additional 0.25%–0.50% p.a. |
| Premature Withdrawal | Allowed (with applicable penalty) |
| Loan Against FD | Yes – up to 90% of the deposit amount |
Types of Fixed Deposits Available:
Regular Fixed Deposit - Standard FD with fixed rate and tenure
Tax-Saver FD - 5-year lock-in, tax deduction under Section 80C
Senior Citizen FD - Higher interest rate for individuals 60+
Monthly Income FD - Interest paid out monthly for regular income
Cumulative FD - Interest compounded and paid at maturity
Flexi Deposit -Linked to your savings account; offers liquidity + returns
Corporate FD -Higher deposit limits, tailored for businesses