FIXED DEPOSITS

Salient Features : Suitable for persons who wish to keep lump sum amount and obtain interest periodically to meet the household expenses, school fees of children, etc.

WHO CAN DEPOSIT: Individuals, Non-individuals such as firms, association, clubs, societies, trusts, corporate companies, Government and Quasi-government institutions, self governing bodies, etc.

AMOUNT ACCEPTED: Minimum of Rs.500 and in multiples of Rs.100/-. No maximum amount. PERIOD: 31 days to 10 years RATE OF INTEREST: At present as given below for various periods. The rates are subject to alterations from to time by the Board as per the guideline of Reserve Bank of India.

Maturity Period	General	Senior Citizens
31 Days to 90 Days	3.00%	3.50%
91 Days to 180 Days	4.00%	4.50%
181 Days to 1 Year	6.00%	6.50%
1 Year Above to 10 Years	6.00%	6.50%

PRE-CLOSURE FACILITY: Pre-closure of deposit is permitted. Interest is paid at the rate applicable for the period for which the deposit remained with the bank less 1 % penal charges. No penal charges for pre-closure where deposits are held by senior citizens and minors. Nomination Facility Available.