Regular Fixed Deposits

We offer you great rates, flexibility and security for your fixed deposits, with even higher interest for our Senior citizens, with quarterly and monthly payout options. Enjoy our facilities of booking your deposit through Netbanking, and the facility of automatic renewal. Minimum investment amount can be as low as INR 1000/-


  • Resident Indians
  • Hindu Undivided Families
  • Sole proprietorship firms
  • Partnership firms
  • Limited companies
  • Trust accounts

Additional Information

A minimum initial deposit of INR 1,000/- is required to open a Fixed Deposit. PAN is mandatory to book Fixed Deposits, if the total Fixed Deposit holding per customer,  per branch exceeds INR 50,000/-
For premature withdrawals, including sweep-ins and partial withdrawals, the Bank will levy a penalty of 1%, on the applicable rate.

Tax Information

TDS (Tax Deducted at Source) will be applicable when the total interest payable or reinvested in Recurring Deposits and/or Fixed Deposits per customer, across all branches, exceeds Rs.10000 in a financial year. In case of Senior Citizen, TDS will be deducted when interest payable or reinvested on Recurring Deposits and Fixed Deposits per customer, across all branches, exceeds Rs. 50,000 in a financial year. A TDS Certificate will be mailed to you after end of every quarter during the Financial Year, providing the details of TDS deducted during the quarter.

  Tax Rate Surcharge Education Cess TOTAL
Resident Individuals & HUF 10% ---- ---- 10%
Corporate Entity 10% ---- ---- 10%
NRO 30% ---- 4% 31.20%
Firms 10% ---- ---- 10%
Co-operative Societies & Local Authority 10% ---- ---- 10%

A fresh Form 15G/15H is required to be submitted for each Financial Year. Form 15G/15H should be submitted at the time of creation of FD or beginning of Financial Year whichever is earlier. Further, fresh Form 15G/H needs to be submitted for all subsequent deposit(s) booked during the Financial Year. TDS is recovered on the total of interest compounded, interest paid and interest accrued at the end of Financial Year i.e. 31st March on the Fixed Deposit(s)/Recurring Deposit(s).

Types of Fixed Deposits

Earn compound interest by reinvesting your principal amount along with the interest earned during the period.You can choose interest pay-out option where interest will be paid out to you at monthly or quarterly intervals instead of compounding.