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Fixed Deposit Account

Fixed Deposit Account

Fixed deposit  provides customers with a higher rate of interest than a regular savings account, until the given maturity date.

 

Interest rates on Fixed Deposits with effect from 01-06-2016

Sl.

Period

Individual

Societies

1

15 days to 45 days

5.75%

6.00%

2

46 days to 90 days

6.75%

7.00%

3

91 days to 179 days

7.25%

7.50%

4

180 days to 364 days

7.75%

8.00%

5

1 Year and above below 2 Year

8.25%

8.50%

6

2 Year and above

8.00%

8.25%

Sr. Citizens are entitled to get an additional of  0.5%  on Fixed Deposit.

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