Fixed Deposit
Lock in your future today with a Fixed Deposit. Enjoy secure, predictable returns while you sit back and watch your savings grow. No market risks, just steady progress toward your goals.
Minimum Investment: ₹1,000.
Special Offer on FD for 444 Days.
Enjoy Higher Rate of Interest (Exclusive for Resident Senior Citizens).
DICGC Insurance Cover up to ₹5 Lakhs.
Leverage your fixed deposits by taking loans or overdrafts.
Know more about Fixed Deposit
Convenience
- Choose a tenure that fits your needs, whether short-term or long-term.
- Premature withdrawal facility available.
- Interest paid monthly, quarterly or annually. Your choice.
- Open at any of our 51 branches across Tamil Nadu.
FD Details
- Minimum deposit amount is ₹1,000.
- Available to individuals, minors with a guardian, joint holders and institutions.
- 444 Days Fixed Deposit Scheme at 7.85% ROI p.a. for senior citizens.
Nomination Facility
- Nomination facility offered on every deposit account.
- Up to four nominees may be recorded per account.
Loan Against Deposit
- Loan facility offered against the deposit without breaking it.
- Interest charged only on the amount you draw.
Recurring Deposit
A Recurring Deposit scheme lets you save a fixed amount monthly and build funds for your financial goals over a set period.
Perfect for small-scale monthly savings.
Start with as low as ₹500 monthly.
Fixed interest rates throughout tenure.
Tenures from 6 months.
The ease of booking a deposit via Digital Channels.
Know more about Recurring Deposit
Convenience
- Invest in instalments and receive a lump sum on maturity.
- Monthly instalments can be paid by transfer from a Savings Bank or Current Account.
- Premature withdrawal facility available.
RD Details
- Minimum deposit amount is ₹500, and further deposits in multiples of ₹100.
- The minimum deposit period is 6 months.
- Available to individuals, minors with a guardian and joint account holders.
Loan & Nomination
- Loan facility offered against the accumulated balance.
- Nomination facility offered.
Cumulative Cash Certificate
Save a fixed amount and build funds for your financial goals over a set period, with interest compounded until maturity.
Available to individuals, minors with a guardian and joint account holders.
Minimum deposit amount is ₹1,000.
The minimum deposit period is 1 year.
Premature withdrawal facility available.
Loan facility and nomination facility offered.
Know more about Cumulative Cash Certificate
Convenience
- Interest compounds through the term and is paid with the principal at maturity.
- Premature withdrawal facility available.
CC Details
- Minimum deposit amount is ₹1,000.
- The minimum deposit period is 1 year.
Tax Benefit Deposit
Deposits made under Tax Saving Deposits qualify for tax benefits under Section 80C of the Income Tax Act, up to ₹1.50 lakh per financial year.
Minimum 5 Years Lock in Period.
Minimum ₹1,000/- and in multiples of ₹500/-.
Cannot be pledged to secure any loan as security to any other asset.
Higher Interest Rates.
Know more about Tax Benefit Deposit
Important Information
- Minimum 5-year lock-in period.
- Minimum ₹1,000 and in multiples of ₹500.
- Cannot be pledged to secure any loan or as security against any other asset.
Interest Rate Chart
Domestic term deposit rates. Rates are subject to change from time to time.
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 days to under 15 days | 3.60% | 3.60% |
| 15 days to under 30 days | 4.10% | 4.10% |
| 30 days to under 46 days | 4.60% | 4.60% |
| 46 days to under 91 days | 5.60% | 5.60% |
| 91 days to under 120 days | 5.85% | 5.85% |
| 120 days to under 180 days | 6.10% | 6.10% |
| 180 days to under 271 days | 6.60% | 6.60% |
| 271 days to under 365 days | 6.85% | 6.85% |
| 444 days (special scheme) | 7.60% | 7.85% |
| 12 months to under 24 months | 7.35% | 7.60% |
| 24 months to under 36 months | 7.10% | 7.35% |
| Over 36 months | 6.85% | 7.10% |
| Tax Benefit Deposits | 7.10% | 7.35% |
Rates are indicative and subject to change from time to time.