--/--/---- --:--:-- | RBI kehta hai

1. Fixed Deposit Scheme

Account can be opened by any Individual, Firm, Cooperative Society, Club, or any Institutional Body having legal status starting from 7 days term to above Three years term. Interest is paid at half yearly rest depending upon the rate and period of deposit. Senior Citizens of 60 years of age and above are paid 0.50% p.a. higher rate than the normal rate.

 

2. Monthly Income Deposit Scheme

Monthly interest is transferred from Fixed Deposits to Savings Bank Account. Senior Citizens of 60 years of age and above are paid 0.75% p.a. higher rates than the normal Rate fixed by the Bank.