|Who can open fixed deposit
Note: Nomination Facility is available
|Initial deposit at opening of account
|Minimum amount of just Rs.100/-.
|Rate of interest
*(Additional 0.50% for Senior Citizens)
|Repayment on Maturity
|The deposit is repayable on the maturity date as indicated on the deposit receipt.
|Renewal of matured Deposits
|The total amount of matured deposits or part thereof can be renewed from the date of its maturity till some future date provided the renewal must be for a minimum of 15 days, beyond the date on which it is renewed and the renewal is made within 15 days from the date of maturity. The interest is payable at the appropriate operative rate on the date of maturity of original deposit and is payable only on the amount of the deposit so renewed.
|Documents required for opening the account
Note : Aadhar card is mandatory to open account
|Loan against deposits
|Depositor can avail a loan up to 85% of the deposit amount. Interest on loan will be levied at a rate 2% higher than the rate of interest paid on the deposit.
|Transfer of Deposit Account
The fixed Deposit account can be transferred from one branch of bank to the other at the request of the depositor on maturity only.
|Safe custody of deposit receipts
|The bank accepts deposit receipt for safe custody free of charge in case of valued customers as special case.