| Fixed deposits are investment instruments offered by banks and Non- Banking Financial Companies NBFCs) where you can deposit money for higher rate of interest than saving account. You can deposit a lump sum of money in a fixed deposit for specific period of time.
Time period of deposit account is decided at the time of account opening of new deposit account. The deposit can be withdrawn/ renewed on maturity. |
| |
| Rate of interest are - |
| |
| Rate of interest affected from 1st FEBRUARY 2023 |
General |
Senior Citizen (%) |
| 30 To 90 Days |
3.50 % |
3.50 % |
| 91 To 179 Days |
3.75 % |
3.75 % |
| 180 To 1 Year |
4.70 % |
4.70 % |
| 1 Year To Less than 2 Year |
5.60 % |
6.10 % |
| 2 Year To Less than 3 Year |
5.80 % |
6.20 % |
| 3 Year To Less than 5 Year |
5.90 % |
6.40 % |
| 5 Year To more than 5 Year |
6.00 % |
6.60 % |
|
| |
| Auto Renewal FD |
| |
| The deposit will be renewed automatically on maturity for the same period with or without interest as instructed by the customer |
