Fixed Deposits (FD)
Guaranteed returns with flexible maturity options
Why Choose FD?
- ✓ Guaranteed Returns: Fixed interest rate for the tenure
- ✓ Flexible Tenure: From 7 days to 5 years
- ✓ Multiple Options: Monthly, quarterly, half-yearly, annual interest
- ✓ Loan Against FD: Up to 90% of FD amount
- ✓ Safe & Secure: Your principal is safe and insured
FD Eligibility
| Minimum Amount | ₹1,000 |
| Maximum Amount | Unlimited |
| Tenure | 7 days - 5 years |
| Interest Rate | See rates below |
| Early Withdrawal | Allowed with reduced interest |
FD Interest Rates (2024-25)
| Duration | Interest Rate | For Senior Citizens* |
|---|---|---|
| 7 days - 30 days | 6.50% p.a. | 7.00% p.a. |
| 31 days - 90 days | 6.75% p.a. | 7.25% p.a. |
| 91 days - 6 months | 7.00% p.a. | 7.50% p.a. |
| 6 months - 1 year | 7.25% p.a. | 7.75% p.a. |
| 1 year - 2 years | 7.00% p.a. | 7.50% p.a. |
| 2 years - 3 years | 6.90% p.a. | 7.40% p.a. |
| 3 years - 5 years | 6.75% p.a. | 7.25% p.a. |
Recurring Deposits (RD)
Build wealth through regular monthly deposits
Why Choose RD?
- ✓ Discipline Savings: Regular monthly deposit habit
- ✓ Flexible Deposits: Deposit what you can afford each month
- ✓ Tax Benefits: Interest earned is taxable as per income
- ✓ Loan Facility: Loan against RD available
- ✓ Peace of Mind: Guaranteed maturity amount
RD Features
| Minimum Monthly | ₹100 |
| RD Tenure | 6 months - 5 years |
| Interest Rate | 6.0% - 7.0% p.a. |
| Frequency | Monthly deposit |
| Premature Closure | Allowed with reduced interest |
Combined Interest Rate Overview
Current rates effective from January 2024
FD Rate
6.5% - 7.25%
Tenure based rates
RD Rate
6.0% - 7.0%
Tenure based rates
Senior Citizens
+0.5%
Additional on deposits
Note: Interest rates are effective from January 1, 2024 and are subject to change as per RBI guidelines. Rates are calculated on quarterly compounding basis unless otherwise specified. Visit our office for the latest rates and specific terms.
How to Open a Deposit?
Visit Branch
Visit our Gangavathi branch with documents
Fill Form
Fill FD/RD application form with details
Choose Terms
Choose tenure and deposit amount
Make Payment
Deposit the amount via cash/check/transfer
Get Receipt
Receive deposit certificate/receipt
Earn Interest
Earn guaranteed interest per schedule
Ready to Save and Earn?
Open your FD or RD account today and start earning guaranteed returns.
Contact Us to Open Deposit