Introduction

Ordinary Fixed Deposit Scheme is suitable for persons requiring higher income on short term deposits as interest.

Deposit Amount

Rs.1000/- or any higher amount

Period of Deposit

7 days to 10 years.

Interest

As applicable to Term Deposit payable at simple rate. Interest is paid at the time of maturity in case of short term deposit and on half yearly basis if the deposit is kept for over 6 months period.