Fix Deposit

Fix deposit scheme is an attractive scheme to deposit your savings for fix period for 15 days to 3 years as per your future requirements.
We provide attractive Interest Rates to our Depositors from time to time.
We offer 0.50% extra Interest Rate to Senior Citizens with the age of 60 years and above on fix deposits of 1 year period and above.
Guardian can open Minor’s Fix deposit A/c. When minor turn major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.
We offer nomination facility for all deposit accounts.
We provide quarterly, half yearly, yearly Interest payment to our Depositors on their existing Fix Deposits as per their instruction.
Loan and Overdraft facility is available against Fix deposit receipt.
The maturity date of Loan and Overdraft Account against Fix Deposit will be maturity date of Fix Deposit Receipts.
TDS on Interest income will be deducted as per Income Tax Act.

Rules & Regulation for Fix Deposit Scheme :

Depositor has to fulfill KYC norms as per RBI directive.
Depositor can Open Fix Deposit A/c with minimum of Rs.1000/-
Guardian can open Minor’s Fix Deposit A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
The maturity amount is payable on maturity date. If depositor do not renew or withdraw the deposit then extra interest will not be payable for delayed days.
All rights reserved to the Bank’s management to Change the Interest Rate of the Fix Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
The Bank having all rights of appropriation, set off, lien and change the rules and regulation for the scheme.
Auto renew facility is avaliable for FDRS.

Requirements to open Fix Deposit Account :

Valid Photo I.D. & Address Proof
(A) Any one of proof (Photo ID)
  • Passport
  • Driving License
  • Voter ID Card
  • Government Approved College/university I.Card
  • Government/Semi government/Department I.Card
(B) Address Proof (Any One)
  • Electricity Bill (not more than 2 months old)
  • BSNL Landline Telephone Bill (not more than 2 months old)
  • Municipal Tax Bill
  • Other proof acceptable by Bank.
Passport Size Photograph (2 Copies)
Pan Card with forwarding letter
Birth certificate for minor A/C.
Senior Citizens have to produce age proof to avail extra Interest Rate benefit.