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Term
Deposit

Term Deposit

Term Deposit scheme to suit your requirement and future plan. You can not only earn higher income on your surplus funds by investing in any of our term deposit schemes, but also avail loan against those funds. Thus fulfill your need, multiply your funds as well as keep your savings secure.

Interest Rates on Fix Deposits (revised w.e.f. 22nd  May , 2018)
Period General Public / Trusts / Society / Corporates Senior Citizen
  QIRP Short Term Deposit QIRP Short Term Deposit
15 days - 44 days N.A 4.75 N.A 5.25
45 days - 90 days N.A 5.25 N.A 5.75
91 days - 179 days N.A 6.25 N.A 6.50
181 days - 364 days N.A 7.00 N.A 7.50
  QIRP FDR/MIP/RD QIRP FDR/MIP/RD
1 years - upto 2 years 7.50 8.00 7.75 8.00
Above 2 years - upto 4 years 6.50 6.75 6.75 7.00
Above 4 years - upto 7 years 6.25 6.75 7.00 7.00
Above 7 years - upto 10 years 6.50 6.50 6.75 6.75
ANNAPURNA TAX BENIFIT SCHEME - Tax Benifit upto RS. 1.50 Lacs per investor u/s 80 C
Scheme FDR QIRP
For all category (Individual/HUF/Senior Citizen) ATBS
(FDR)
ATBSQ
(QIRP)
Scheme (5 Year - No premature payment) 7.00 7.00

* Terms & Conditions Apply 

Eligible to operate a Term Deposit Account

  • Individual - Single / Joint account
  • Minor - Operated by guardian natural / appointed by court
  • Trust - Private / Public
  • Partnership firm
  • Limited company - Private / Public
  • Club, Association &  Society

To open Term Deposit Account, you just need to provide

  • Duly completed account opening form
  • Pan card /FORM 60- if, no Pan card
  • Proof of Residence of the applicant(s)
  • Proof of  Photo Identification of the applicant(s)
  • Proof of Age in case of senior citizen
  • One recent passport size color photographs of Partner(s) / Director(s)
  • Introduction by an existing customer, whose account is at least 6 months old OR
  • Introduction letter of your existing bank verifying signature
  • Submit Partnership deed with Registration receipt in case of Partnership firm
  • Submit Memorandum of Association, Article of Association, Resolution in case of Company
  • Board Resolution / Resolution in case of a company, an association

Short Term Deposit (SDR)

Easy liquidity still earn interest.

Salient features of the scheme

  • Minimum opening balance of ₹ 1000/-
  • Minimum period of 15 days, maximum up to 364 days
  • Interest paid along with the principal on maturity
  • Can avail loan up to 90 % of accumulated deposit
  • Interest as per card rates

Apply Now

Fixed Deposit (FDR)

Invest and earn interest quarterly or half yearly.

Salient features of the scheme

  • Minimum opening balance of ₹ 1000/-
  • Minimum period of 1 year, maximum up to 5 years
  • Interest due will be paid on quarterly basis, notify instruction while opening the account
  • Can avail loan up to 90% of principle amount
  • Interest as per card rates

Apply Now

Recurring Deposit (RD)

Regular savings leads to high investment.

Salient features of the scheme

  • Minimum opening balance of ₹ 100/- or in multiple of ₹ 100/- per month
  • Minimum period of 1 year, maximum up to 5 years
  • Interest paid along with the principal on maturity
  • Can avail loan up to 90% of accumulated deposit
  • Interest as per card rates

Apply Now

Monthly Income Plan (MIP)

Earn monthly interest on your investment.

Salient features of the scheme

  • Minimum opening balance of ₹ 1000/-
  • Minimum period of 1 year, maximum up to 5 years
  • Interest due can be paid on monthly basis
  • Can avail loan up to 90 % of principle amount
  • Interest as per card rates

Apply Now

Annapurna Tax Benefit Deposit Scheme

Save tax and maximize interest on your investment.

Salient features of the scheme

  • Minimum opening balance of ₹ 5,000/-, maximum of ₹ 1,50,000/- (In a financial year)
  • Deposit for a fixed period of 5 years
  • Interest payable at quarterly rests
  • No premature encashment is allowed
  • Deposit is eligible for deduction u/s 80C” of Income Tax
  • Nomination facility available
  • Interest as per card rates

Apply Now

Quarterly Interest Re-Investment Plan (QIRP)

Gain more by earning interest on interest.

Salient features of the scheme

  • Minimum opening balance of ₹ 1,000/-
  • Minimum period of 1 year in multiple of 3 months, maximum up to 5 years
  • Interest automatically went back on quarterly compounding basis
  • Can avail loan up to 90% o of accumulated deposit
  • Interest as per card rates

Apply Now

Automatic Renewal Certificate (ARC)

Automatic renewal of principal no need to visit for renewal process.

Salient features of the scheme

  • Minimum opening balance of ₹ 5000/-
  • Minimum period of 1 month
  • Interest paid periodically as per the instruction of the depositor
  • Deposit receipt renewed without interest automatically on due date for six times
  • Can avail loan up to 90% of accumulated deposit
  • The deposit scheme is subject to change on any date in the future, noting it on or before due date
  • Interest as per card rates

Apply Now

Flexi Quarterly Interest Re-Investment Plan

Break Investment without the loss of interest.

Salient features of the scheme

  • Open an account in units of ₹ 1000/- each
  • Minimum period of 1 year, maximum up to 5 years
  • Part amount can be withdrawn conveniently in units without the loss of interest
  • Remaining units continue earning same interest till maturity
  • Can avail loan up to 90% of accumulated deposit
  • Interest as per card rates

Apply Now

Automatic Renewal Certificate with Interest

No renewal hassle guarantees automatic renewal with interest.

Salient features of the scheme

  • Open an account with minimum of ₹ 5000/-
  • Minimum period of 1 month
  • Deposit receipt renewed with interest automatically on due date for six times
  • Can avail loan up to 90% of accumulated deposit
  • Can change deposit scheme any date in future, noting it on or before due date
  • Interest as per card rates

Apply Now

Non-Resident (External) NRE Deposit Account

Term Deposit account for NRE to maintain foreign currency earnings in Indian rupees

Eligible to operate a Term deposit Account

NRE Term deposit accounts can be opened in the names of non-resident individual of Indian nationality or Person of Indian origin.

Non-Resident Indian (NRE)

As per clause 2(W) of FEMA 1999 indicates that "A person resident outside India" means a person who is not resident in India.

FEMA 1999, as per Clause 2(V) defines a "Resident" as under

A person residing in India for more than 182 days during the preceding FY but does not include a person gone out of India for employment, business, vocation outside India or for any other purpose where his intention to stay outside India for an uncertain period.

Person of Indian Origin (PIO)

PIO means a citizen of any country other than Bangladesh or Pakistan, if he at any time held an Indian Passport, he or either his parents or Grandparents was an Indian and permanent resident in India at any time.

To open a Term deposit Account, you just need to provide

  • Duly completed account opening form
  • Photocopy of current passport
  • Photocopy of valid work permit or employment visa
  • Employment letter
  • Photocopy of PIO Card
  • Proof of residence of the applicant
  • Two recent passport size color photographs of applicant(s)

Apply Now