Types Of Deposits
Saving Deposit
Customers open a savings account at the bank and bank pays interest for that money . Bank offers saving account with minimum balance of Rs.200/- (without cheque book) and balance of Rs.1500/-(with cheque book) @4% per annum.
Current Deposit
Account which is always catering for frequent deposits and withdrawls by cheque. It attracts ZERO interest
Term Deposit
Fixed/Reinvestment plans. Maximum period : 10 years.
Recurring Deposit
(RD) Deposit to which installment is monthly paid. Maximum period:10 years
Deposit Rate Of Interest with effect from 24.07.2023
| Sl.No. | Period | Rate of Interest | |
| Existing | Revised | ||
| 1 | 15 Days to 29 Days | 4.00 | 4.00% |
| 2 | 30 Days to 45 Days | 4.25 | 4.25% |
| 3 | 46 Days to 90 Days | 4.75 | 4.75% |
| 4 | 91 Days to 179 Days | 5.00 | 5.00% |
| 5 | 180 Days to 270 Days | 5.50 | 5.50% |
| 6 | 271 Days to 364 Days | 5.75 | 5.75% |
| 7 | 1 Year and above | 7.00 | 7.25% |
| 8 | Senior Citizen/60 years above | Additional 0.75% | Additional 0.75% |