• SAILU
  • Mon - Sat : 10.30 A.M - 5.30 P.M

Term Deposit

Term Deposit

 

This scheme is been introduced for monthly saving where you can deposit a certain amount specified period by the bank. Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. Along with this we have various schemes of deposits like Fixed Deposit Monthly Interest Scheme, Quarterly Interest Scheme, Half Yearly Interest Scheme, Minimum Amount of deposit: 100 & in multiples of 100/- Period : Min-12 Months & Max-120 Months

Initial Deposit for opening Savings Bank Account & minimum Balance to be maintained in the account.

 

Sr. No. Deposit Period. Interest Rate
1 7 Days to 29 Days 5.00%
2 30 Days to 90 Days 6.00%
3 91 Days to 180 Days 7.00%
4 181 Days to 365 Days 7.50%
5 13 Months to 36 Months 8.50%
6 Above 39 Months 7.50%
7 Recurring Deposit (12 Months to 24 Months) 7.50%
8 Recurring Deposit ( 25 Months to 120 Months) 8.00%

Interest is calculated @ 4% p.a. on the basis of Daily Product and is credited to the account at half yearly intervals in March and September.

 Facilities offered :
  • Monthly Standing Instruction are accepted. (For installment credit)
  • Installment credit through ECS facility is all offered.
  • Loan against Recurring account is granted as per prevailing rules.

 Address Proof :
  • Adhar card
  • Light Bill.
  • Telephone Bill.
  • *Any One

 Photo ID Proof :
  • Pan Card.
  • Voter Id.
  • Driving License.
  • Passport Photo
  • *Two Pass port size photo And One Introducer