Fixed Deposit Accounts

A fixed deposit is an investment scheme that has a pre-decided tenure and rate of interest. It is regarded as one of the safest investment options in the market as it is not affected by market fluctuations. Its designed for risk-aversed investors.

Interest rates for deposits will be applicable for the below period

Updated interest rate on dated Friday, 16/12/2022
Time of deposit General depositor Senior citizen’s /Employees/ for deposits of Rs.15 lakh and Above
15 days to 45 days 4.50% 5.00% With simple interest rate
46 days to 90 days 5.25% 5.75% With simple interest rate
91 days to 180 days 6.50% 7.00% With simple interest rate
181 days 365 days 7.50% 8.00% With simple interest rate
366 days to 24 months 7.75% 8.25% Compound interest rate
24 months ahead 1 day 7.75% 8.25% Compound interest rate
Savings Account 3.00% 3.00% With Daily Interest
Vishvsanchay deposit Scheme (daily collection) 3.00% 3.00% If continue for three months

* For Recurring Deposits the rate of interest mentioned above should be paid during the period

* No interest is paid on current account. However, in case of death of the individual and sole proprietorship account holder, interest will be given as per the prevailing interest rate of the savings account while returning the money to the heir from the date of death.

Time of deposit General depositor Senior citizen’s /Employees
12 months —-% —-%
13 months ahead —– —–