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Term Deposits

Fixed Deposits
The account which is opened for a particular fixed period (time) by depositing particular fixed period (time) by depositing particular amount (money) is known as Fixed (Term) Deposit Account. The term ‘fixed deposit’ means that the deposit is fixed and is repayable only after a specific period is over Under fixed deposit account, money is deposited for a fixed period say six months, one year, five years or even ten years. The money deposited in this account cannot be withdrawn before the expiry of period.

Cash Certificates
Cash certificates are a type of deposit that is purchased for a certain amount. The account holder purchases the cash certificate for a certain amount, but needs to make payments toward this amount only as long as the term of the certificate lasts. Typically, the account holder builds up to the full amount of the certificate, earning interest as the money is transferred to the account, like a reverse loan. Account holders make payments once every quarter. Cash certificates can last years, and holders can even borrow money against them if necessary.


  • Customer will get interest on discounted rate every month
  • Senior Citizen of age of 60 years & above are entitled to 1.00% more for the term deposit of 1 year & above on fresh/ renewal of deposits.
  • 0.25% more interest on Single Term Deposit Receipt of Rs.15 lac and above up to 1 Crore .
  • 0.50% more interest on Single Term Deposit Receipt of Rs.1 Crore above up to 5 Crore.
  • 0.75% more interest on Single Term Deposit Receipt of Rs.5 Crore above.
  • Customer will get interest quarterly basis
  • Senior Citizen of age of 60 years & above are entitled to 1.00% more for the term deposit of 1 year & above on fresh/ renewal of deposits.
  • 0.25% more interest on Single Term Deposit Receipt of Rs.15 lac and above up to 1 Crore.
  • 0.50% more interest on Single Term Deposit Receipt of Rs.1 Crore above up to 5 Crore.
  • 0.75% more interest on Single Term Deposit Receipt of Rs.5 Crore above.