General Fixed deposit (Income Scheme)

  • Minimum amount for opening account is Rs.100/-. Accounts may also be opened in odd sums.
  • Deposits are accepted for periods of 7 days and above and even for a period where terminal quarter or month is incomplete.
  • Interest is paid quarterly at the full value of interest. The same is paid monthly at the discounted value of interest.

Features

  • The maximum period for which term deposits are accepted is 10 years
  • Nomination facility available

Exceptions

  • Deposits accepted under Court orders.
  • Deposits in the names of minors for protection of minor's interest. In case of minors, accounts can be opened.
  • In the single name of the minor under guardianship, the deposit being repayable to him/her.
  • In the single name of the minor under guardianship, the deposit being repayable to the guardian.
  • In the name of the minor, jointly with the guardian, the deposit being repayable to them jointly / former or survivor /either or survivor.