Introduction

The deposit accepted under the scheme is for a fixed period withdrawable only after the expiry of the fixed period.

Deposit Amount

Any amount with minimum of Rs.1000/-  

Period of Deposit

7 days to 120 months  

Interest

The rate of interest is as applicable to Term Deposits & compounded quarterly and is payable on maturity.  

Advance against Fixed Deposits

Loan upto 75% to 95% of deposit plus interest accrued upto  preceding  quarter is allowed as security of deposit. Interest 1% over deposit rate is charged on loans.