Home
Fixed Deposit Quarterly
- Individuals (Single or jointly), Minor By Guardian, Institutions, Co-op Societies, HUF can place deposit.
- Quarterly Interest by Pay order/ Credit to Account
- Period of Deposit is Minimum 1 year.
- Minimum amount of Deposit –Rs 1000/ And Maximum Amount of Deposit “ No Limit”.
- Interest Calculation is based on Quarterly Method.
- Premature withdrawal of Deposit is allowed with penalty of 1% in current interest rate.
- For Senior citizen/ Bulk Deposit holders (more than 15 lakhs) additional Interest rate is Applicable.
- Pledging of Deposit is with additional 2% Interest Rate.
- Interest can be credited to Saving account or Pay Order
- Interest payable on the deposit is subject to directives of RBI from time to time .
- DICGC insurance covered Deposit up to Rs. 100000/-
- Documents Required as per KYC rules.