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% |
