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Scheme Minimum Deposit Highlights Interest Frequency
FD500
(500 Days & Fixed Deposit Scheme)		 Rs 10,000/-
  • With minimum Rs. 10,000.00 or any higher amount
  • An additional 0.25% over interest rates to Senior Citizens only.

Quarterly
FD365
(365 Days Fixed DepositScheme)		 Rs. 10,000/-
  • With minimum Rs. 10,000.00 or any higher amount
  • An additional 0.25% over interest rates to Senior Citizens only.

Quarterly
RAP90
(Rapid Accrual Plan – 90day cycle)		 Rs. 5,000/-
  • With minimum of Rs. 5000.00
  • Earn interest on your deposits every ninety days with three automatic renewals for 90 days each, totalling 360 days
  • Interest for each 90 days period credited to your Savings Account or
  • added to the Principal at your option.

90 days
RAP30
(Rapid Accrual Plan – 30day cycle)		 Rs. 5,000/-
  • With minimum of Rs. 5000.00
  • Earn interest on your deposits every thirty days with Eleven automatic renewals for 30 days each, totalling 360 days
  • Interest for each 30 days period credited to your Savings Account or
  • added to the Principal at your option.

30 days
QIRP
(Quarterly Interest Re-investment Plan)		 Rs. 1,000/-
  • Deposits minimum of Rs. 1,000.00
  • Collect accrued interest with Principal Deposit on maturity
  • Interest compounded at quarterly rests.

Quarterly
MIP
(Monthly Income Plan)		 Rs. 5,000/-
  • With Rs. 5000.00 or any higher amount in multiples of Rs. 500.00
  • Be assured of an fixed income every month to meet your recurring expenses.

Monthly
RD
(Recurring Deposit)		 Rs. 100/-
  • Deposits of Rs. 100.00 each month or any higher amount in multiples of Rs. 100.00
  • Receive the total Deposit Amount plus interest on maturity

Quarterly
FD
(Fixed Deposit)		 Rs. 500/-
  • With Rs. 500.00 or any higher amount in multiples of Rs. 100.00

Quarterly
 
Saving and term deposit interest rates
 
Savings Bank Deposits w.e.f. January 01, 2017
Savings - Domestic (Regulated) 4.00% p.a (on daily balances product)
Savings - NRO / NRE (Regulated) 4.00% p.a. (on daily balances product)
Savings Bank Interest will be paid of September 30th and March 31st of every Financial Year.
Term Deposits w.e.f. January 01, 2017
RAP30 4.50% p.a.
RAP90 5.75% p.a.
FD365 7.00% p.a.
FD500 7.25% p.a.
Other Term Deposits (New Slabs) 
w.e.f. January 01, 2017
Period of Deposit Percentage
31 days to 180 days 5.75% p.a.
181 days to 270 days 6.25% p.a.
271 days to 1 year 6.75% p.a.
Above 1 year upto 3 years 6.90% p.a.
Above 3 year upto 5 years 6.90% p.a.
NRE FDR, NRE QIRP Term Deposits 
(with effect from January 01, 2017)
Period of Deposit Percentage
1 year (12 months) 6.75%
Above 1 year upto 5 years 6.90%

The bank will not accept deposits beyond 5 years maturity.

Additional 0.25% over the interest rates on term deposits for 1 year, RAP90, FD365 and FD500 for SINGLE BULK DEPOSIT OF Rs. 1.00 crores & ABOVE (except for Senior Citizens who are entitled for senior citizens benefit).

Senior Citizens Benefit: Senior Citizens would be entitled to receive 0.25% more on the interest rates offered by the Bank on term deposits.

Auto Renewal Of Term Deposits
Term Deposit will be renewed automatically. Auto-renewal is a separate and independent contract, at the Bank's prevailing interest rates on the date of auto-renewal, for the same period as the original deposit, till the receipt is presented for payment.

DICGC Insurance Cover For Deposit
All deposits of our Bank are covered under the insurance scheme offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) subject to certain limits and conditions.

Zero Balance Account

  • 1 free cheque book a year
  • 5 free debit transactions per month
  • No requirement of any minimum Balance
  • Unlimited free deposits
  • Free ATM card with daily cash withdrawals of Rs.25000.
  • Debit Transactions exceeding the permissible limit - charges @ Rs.10.00+ STC per debit transactions
  • Free Passbook

Zero Balance Account

  • 1 free cheque book per financial year
  • 5 free debit transactions per month
  • No requirement of any minimum Balance
  • Debit Transactions exceeding the permissible limit - charges @ Rs.10.00 + STC per debit transactions
  • Simplified KYC norms
  • Free Passbook

Smart kids Learn Young

  • A savings bank account for children from 10-18 years
  • This savings bank account can be opened and operated by kids themselves
  • ATM Card facility
  • 5 withdrawals a month
  • Withdrawals upto Rs.25000 a month
  • Personalized attention/assistance for the account holder

Open an NRE Account

and watch your money grow!

  • Unbelievable interest rates
  • Funds in NRE account are fully repatriable
  • Earn tax free interest in India