Deposits

Fixed Deposits

• An individual in a personal capacity can open.
• Individuals in joint names can open.
• A minor with a natural guardian can open.
• Application form necessary.
• Rate of interest as applicable to F.D rates.
• Institutions can open F.D.
• Minimum deposit amount Rs.1000.
• Minimum Period 15 days.
• Payment of interest on monthly, quarterly, half-yearly, and annually for deposit of 1 year and above.
• Loan and nomination facility.
• The facility of premature withdrawal.
• Interest from 6.5% to 10%