Fixed Deposit
Quarterly Income Plan are excellent investment opportunities for depositors who do not have a fixed income and can earn interest on a quarterly basis, as the case may be. The interest provided is credited directly to the depositor’s savings account with the bank.
Quarter Re-Investment Plan is a good form of investment for depositors who have a regular income and do not require to withdraw the interest on the deposit. The interest earned is added to the principal amount and reinvested to gain substantial increase in the amount invested.
To meet monthly expenses, Customers can keep deposit with us under this scheme, where a fixed interest at a discounted rate on a monthly basis will be credited to their savings account and a standing instruction can be given for debiting their ECS, Reliance Bills Collection, Telephone bill payment etc.
Short Term Deposits are deposits designed for placing deposits for a shorter duration i.e. presently from 7 to 14 days, 15 to 30 days, 31 to 90 days, 91 to 180 days, 181 to 270 Days, 271 to less than 1 year. Depositor can avail of higher interest rates compared to interest paid to savings bank account.
Term Deposit Interest Rates (w.e.f . 08.12.2025)
| TENURE | GENERAL PUBLIC | SR. CITIZENS (60+ YRS) | ||
|---|---|---|---|---|
| Existing | w.e.f. 08.12.2025 | Existing | w.e.f. 08.12.2025 | |
| 7 to 30 Days | 3.50 | 3.50 | 3.50 | 3.50 |
| 31 to 90 Days | 4.50 | 4.50 | 4.75 | 4.75 |
| 91 to 180 Days | 5.25 | 5.25 | 5.50 | 5.50 |
| 181 to 270 Days | 6.00 | 6.00 | 6.25 | 6.25 |
| 271 to less than 1 year | 6.25 | 6.25 | 6.50 | 6.50 |
| 1 year (MIP/QIP/QRIP) | 7.25 | 6.85 | 7.50 | 7.10 |
| More than 1 year to 2 Years (MIP/QIP/QRIP) | 7.10 | 6.75 | 7.35 | 7.00 |
| 15 Months # | 7.25 | 6.75 | 7.50 | 7.00 |
| More than 2 Years to 5 Years (MIP/QIP/QRIP) | 7.00 | 6.50 | 7.25 | 6.75 |
| More than 5 Years to 10 Years (MIP/QIP/QRIP) | 6.50 | 6.50 | 6.75 | 6.75 |
| Recurring Deposits (1 Year to 10 Years) | As per FD rate | As per FD rate | As per FD rate | As per FD rate |
| MODEL MILLIONAIRE SCHEME (60 Months) | 6.65 Instalment – Rs.14,032/- Maturity Amount – Rs.10,00,089/- |
6.65 Instalment – Rs.14,032/- Maturity Amount – Rs.10,00,089/- |
6.90 Instalment – Rs.13,940/- Maturity Amount – Rs.10,00,111/- |
6.90 IInstalment – Rs.13,940/- Maturity Amount – Rs.10,00,111/- |
* Bulk rates same as General Public plus 0.25% premium of existing rates. As the Bank is a Tier 3 Scheduled Bank, the definition of ‘Bulk’ means Single Rupee term Deposit of Rs.1 crore and above. Please note that the amount for bulk deposit is being revised i.e. increased from Rs.15.00 lakhs to Rs.100 lakhs with immediate effect.
#15 Months fixed deposit - Cumulative & Quarterly
#15 Months New FD Scheme not applicable for NRE Deposit.
* KYC Documents such as Address Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.
Rate of Interest for NRE/NRO Accounts:
| NRE Deposits - 1 year to 3 years - | Same interest as offered on domestic deposits |
| NRO Deposits - 7 days to 5 years - | Same interest as offered on domestic deposits |
