Types of Fixed Deposits (FD)

  • Regular
    Fixed Deposit

  • Monthly Income
    Fixed Deposit

  • Golden Years
    Fixed Deposit

  • Tax Saver
    Fixed Deposit

  • Flexi Fixed Deposit
    (For Current Accounts)

  • Money Multiplier
    Fixed Deposit

Regular Fixed Deposit

Simple investment product which offers safety, liquidity, flexibility and assured returns.

  • FD can be opened for minimum amount of ₹10,000
  • Choose from flexible tenure ranging from seven (7) days to ten (10) years
  • Open Instantly through both iMobile and Internet banking
  • Option of premature/partial withdrawal for urgent funds requirement
Open Senior Citizen FD 1
Open Senior Citizen FD 2
Open Senior Citizen FD

Monthly Income Fixed Deposit

A simple Fixed Deposit (FD) plan, which offers fixed regular monthly income in future for your choice of tenure, by investing today with an option of receiving 30% as lump sum.

  • FD can be opened for minimum amount of ₹1,00,000, in multiples of ₹25,000 thereafter
  • Tenure of this deposit consists of an investment phase and a payout phase
  • Minimum period for the Investment phase is 24 months, in multiples of 1 month thereafter
  • Minimum period for the Payout phase is 24 months, in multiples of 12 months thereafter
Open Senior Citizen FD 1
Open Senior Citizen FD

Golden Years Fixed Deposit

Now Senior Citizens get an exclusive additional
interest rate of <0.20>% on your Fixed Deposits
above 5 years tenure.

  • Applicable duration:
    20th May, 2020 to 7th April, 2023
  • Applicable on New and Auto-Renewed Fixed
    Deposits during the scheme period
  • Applicable on single FD Amount less than 2 Crores
Open Senior Citizen FD 1
Open Senior Citizen FD

Tax Saver Fixed Deposit

Now enjoy dual benefits of assured returns and tax savings. Tax Saver Fixed Deposits offers tax deduction up to ₹1.5 lakh under Section 80C of Income Tax Act.

  • Invest as small as ₹10,000 for a fixed tenure of five years
  • Choose from a Flexible interest payout options of monthly, quarterly or reinvestment in principal
  • No premature withdrawal and auto-renewal facility
  • Interest earned is taxable
Open Senior Citizen FD

Flexi Fixed Deposit for Current Account customers

Enjoy the liquidity of a Current Account coupled with high earnings of a Fixed Deposit. Create a Fixed Deposit linked to your Current Account providing you the unique facilities.

  • Enabled for automatic reverse sweep when the balance in the Current Account falls below ₹1,00,000 for individual customers.
  • FDs will be broken in the Last-In, First-Out (LIFO) basis for reverse sweep.
  • Opened for a minimum tenure of 1 year, linked to your Current Account
Open Senior Citizen FD

Money Multiplier Fixed Deposit

Enjoy the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. Create a Fixed Deposit linked to your Savings Account providing you the unique facilities.

  • Opened for a minimum tenure of 1 year, linked to your Savings Account
  • Enable for automatic reverse sweep when the balance in the Savings Accounts falls below ₹10,000 for individual customers
  • FDs will be broken in Last-In, First-Out (LIFO) basis for reverse sweep
Open Senior Citizen FD