Term Deposits

 
 

Key Features

  • A convenient vehicle for placement of funds for a fixed term with a guaranteed rate of interest.
  • The Bank accepts deposit for periods ranging from 7 days to 3 years.
  • The Bank accepts deposits for values as low as  10,000 with multiples of   1000 thereafter.
    • Premature payment of deposits will attract premature payment penalty
    • Interest on deposits is subject to TDS as per Government of India guidelines.