Fixed Deposits (FD) are deposits accepted by banks for a specified period of time. To suit the needs of the customers, the bank have introduced variations in maturity period of the FDs. In terms of RBI directives the minimum period for which term deposits can be accepted is 15 days. The banks generally do not accept deposits for periods longer than 10 years.

 

Eligibility for opening of Fixed Deposit A/C

Resident Individuals

Sole Proprietorship Firms

Partnership Firms

Limited Companies

Trust Accounts

Association / Clubs / Societies

 

How to open

Should submit the dully filled & signed Account opening form along with;

Specimen Signature.

Photograph of the operator.

ID proof of operator as per KYC norms.(Passport, Driving licence, Permanent Account Number (PAN) Card, Voter's Identity Card issued by the Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government, Letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number)

Address proof.

Business proof from panchayath/ partnership deed / trust deed/ Articles of association / Registration Certificate / bylaws / minutes copy / authorisation letter

Proper introduction

PAN card copy for deposits more than   ` 50000/-

 

Facilities

Nomination facility is available on FD A/cs

The Bank allows loan to the depositors up on the security of the FDs at a maximum amount of 90% of the amount deposited. For more details about deposit loans please visit the page deposit loan  in this site.

Standing instruction facility such as transferring the interests monthly/quarterly to a particular SB/Current Account and transferring the matured FD to a particular account would be entertained.

 

Interest Rates

The Bank will provide interest for the fixed deposits kept, according to their maturity periods. 

 

 

Senior Citizen deposit can be accepted 1/2% above the card rates.