Service Category: Deposits

Smart Deposits

Smart Deposit (Recurring Deposit) is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest on quarterly basis. Longer the period for which monthly deposits are agreed to be made higher is the rate of interest subject to rules.

No. of months	Rate of Interest
12 to 23 months	8%
24 to 35 months	9%
36 months and above	10%

 

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Fixed Deposits

Fixed Deposit is one of the safest investment avenues, which can help you grow your savings, while offering stability and safety of principal amount. By investing in FD, you can take control of your investments, with greater flexibility, assured returns and high stability. Anyone can choose tenor between 12 months and 60 months, as per his financial needs.

In addition to attractive FD interest rates of up to 10% that offer greater returns, you can avail a suite of exciting features and benefits, such as choosing your tenor, or the frequency of your interest payouts.

No. of months	Rate of Interest
12 to 35 months	9%
36 months and above	10%

 

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