Time Deposits (Term Deposits)
One of the most popular methods of saving your hard earned money and earning handsome income on it is to keep it with your bank in the form of fixed deposits. You can decide the term of deposit from 7 days to 120 months. There are different schemes to suit different people.
Short Deposit Receipt:
Short Deposit Receipts are issued for a maximum period of 179 days. Please click for rate of interest applicable for different terms.
Monthly Income Certificate
Very convenient for those who are in need of fixed monthly income by way of interest on their saved money. It is like receiving pension every month. On your request, we can deposit the monthly interest into your Savings Bank account every month and from there you can withdraw your money with the help of ATM-cum-Debit Card.
Quarterly Income Certificate
Here you get interest on your deposit amount at undiscounted rates at the end of every quarter.
Universally, this is the most popular deposit scheme in which your money earns the maximum interest since it gets compounded every month.