Term Deposits:
We have a wide range of deposit products with maturity periods ranging from three months to thirty six months. We have two types of term deposit schemes: Monthly Interest Scheme and Cumulative Scheme.
Deposit interest rates with effect from 1st February 2020
| Period | Monthly Interest Scheme |
|---|---|
| 6 months | 6.50 % |
| 12 months | 7.00 % |
| 24 months | 7.50 % |
| 36 months | 8.00 % |
Cumulative Scheme chart, assuming that the deposit amount is Rs. 10,000/-
| Period | *Maturity Value | Cumulative Scheme (Annual Yield) |
|---|---|---|
| 12 months | Rs. 10,723/- | 7.23 % |
| 24 months | Rs. 11,602/- | 8.01 % |
| 36 months | Rs. 12,653/- | 8.84 % |