Deposits kept for a fixed period of time. The time period of the deposit is decided at the time of opening of new deposit account . The deposit can be withdrawn / renewed on maturity.

Features:

Various schemes of Term Deposit

1. Fixed Deposit (FD) 
   • Minimum deposit amount :Rs.100/-
   • Minimum deposit Period : 7 days
   • Interest can be paid on maturity or
   • Quarterly as instructed by customer

2. Auto Renewal FD
   The deposit will be renewed automatically on maturity for the same period with or without interest as instructed by the customer

3. Monthly Income Plan (MIP) / Quarterly Income Plan (QIP) 

   Interest on Deposit paid monthly / quarterly as opted by the customer.
   The amount can the paid by payoder or transferred to his/her account.

4. Recurring Deposit (RD) 

   A fixed amount is to be deposited every month.
   The deposit period can be fixed to 12 months and in multiples of the same

5. Cash Certificate

   Deposit Period – 1 year to 10 years
   Interest : Quaterly compounding.
   i.e earn interest on interest.

6. Dam Duppat 

   On maturity get double the amount of the amount deposited
   Interest : Quaterly compounding.
   i.e earn interest on interest.

Avail Loan Upto 90% of the present value of your term deposit 

Eligibility:

The Account can be opened by

• Individuals
• Two or More Individuals
• Guardians on behalf of minor
• Partnership Firm, company, association.

• Duly filled Account opening form using rubber stamp wherever required
• K.Y.C form
• 2 nos Photographs (Passport Size)
• Introduction
• PAN Card
• Residential Proof any one of the following
  • Ration card
  • Electricity Bill (Bring Originals for verification)
• Photo + Residential proof
  • Passport
  • Election Identity card
  • Aadhar card
  • Driving License (Bring Originals for verification)
• Additional Documents for Institutions/Trust/Club /Associations / Co-op soc. / Local Bodies
  • Certified copy of Partnership/Trust deed 
  • Registration Certificate
  • List of office bearers / Trustees incase of Societies /Associations/Clubs/Trusts
  • Certified copy of Resolution

 Interest on Prematurely/Partially withdrawn Term deposits ,shall be paid at the rate applicable to the amount and period for which the deposit remained with the Bank (and not at the contracted rate), less penalty of 1%.