Fixed Deposit is available with various tenures which the members can choose as per their requirement. Attractive interest rates are offered based on the tenure of the Fixed Deposit.
Rate of Interest for Fixed Deposit (W.E.F 01/01/2022)
| General Public | Senior Citizen | |
|---|---|---|
| Tenure | Rates w.e.f. 01/05/2023 | Rates w.e.f. 01/05/2023 |
| 7 days to 45 days | 5.00% | 5.50% |
| 46 days to 179 days | 5.50% | 6.00% |
| 180 days to 210 days | 6.00% | 6.50% |
| 211 days to less than 1 year | 8.00% | 8.50% |
| 1 Year to less than 2 years | 9.00% | 9.50% |
| 2 years to less than 3 years | 9.50% | 10.00% |
| 3 years to less than 4 years | 10.00% | 10.50% |
| 4 years to less than 5 years | 10.50% | 11.00% |
| 5 Years to less than 7 Years | 11.50% | 12.00% |
| 5 Years Special Scheme * | 12.00% | 12.50% |
| 7 years special scheme* | 14.00% | 14.50% |
Note: *5 & 7 Years Special Scheme does not have premature withdraw option.
Additional Special Interest Rates*
0.50% additional interest for senior citizens (members above 60 years age) on Fixed Deposits
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Terms & Conditions for Fixed Deposit
1) Deposit amount should be multiples of Rs.100/-..
2) Minimum deposit amount of FD Eligible for 10% Per annum is 1,000/- and the period of deposit should be upto 60 months.
3) Only Members are eligible to avail the deposit benefits.
4) 0.50% additional interest for senior citizens (members above 60 years age) on Fixed Deposits
5) Premature closer of Fixed Deposits will attract penalty charges of upto 7.5%.
FAQs
A Fixed Deposit is available for various tenures like 9 months, 1 year, 2 years, 3 years, 4 years and a maximum tenure of 5 years.
The minimum amount of investment is Rs. 1,000 for Fixed Deposit and after that, one can invest in multiples of Rs. 100 in this product.
Yes! terms and conditions applied
Yes! A special benefit of 0.50% for senior citizens on basic rate of interest are applicable.