Fixed Deposit Schemes

Money invested under this plan provide fixed monthly or quarterly income by way of interest to the depositor for a specified period leaving the amount intact.

Features and Benefits

  • Additional 0.25% interest for investment done by Senior Citizens, Pathsanstha's and Co-Op Societies for deposites of more than 30 days.
  • No penalty for premature closure of deposits. For DAM DUPPAT deposits if premature of deposits happens then if deposits gets closed before 1095 days completion then he will get 4%, If deposits gets closed before 1825 days completion Interest will get paid by 7% and if deposit get closed after 1826 to 3375 days then he will get 7.50%.
  • Avail loan facility on deposit account with only 1% higher ROI on deposit ROI.
  • DIGC Insurance covered for deposit up to Rs. 500000/-.
  • Individuals (Single or Jointly), Minor by Guardian, Institutions, Co-Op Societies, HUF can open deposit accounts.
  • Nomination facility available.

Deposit Schemes

  • Fixed Deposit: Interest gets paid on monthly or quarterly basis. Interest calculation is done by simple interest process.
  • Reinvestment Deposit: Interest get calculated on quarterly basis by cumulative interest calculation method.
  • Dam Duppat Deposit: Interest get Interest get calculated on quarterly basis by cumulative interest calculation method.

Deposit Interest Rate Chart (w.e.f. 05/09/2021)

S.No Deposit Period Rate of Interest Senior Citizen / Trust / Pathsanstha / Co-op Societies ROI
1. 08 to 29 Days 4.00% 4.00%
2. 30 to 100 Days 5.00% 5.25%
3. 101 to 250 Days 5.50% 5.75%
4. 251 to 400 Days 6.00% 6.25%
5. 401 Days 6.50% 6.75%
6. Dam Duppat (129 Months) 6.50% 6.50%
7. 13 to 24 Months (Simple Interest) 7.00% 7.25%

KYC Documents

  • Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below
  • Id Proof: PAN Card, Aadhar Card, Voter ID Card, Driving Licence, Passport
  • Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving Licence, Voter Id

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