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  • Easy to Open.
  • Attractive Rate of Interest.
  • Upto 90% loan facility available.
  • Better returns on your investment.
Eligible Accounts Domestic Fixed Deposits and Kamadhenu Deposits, not applicable to Savings and Recurring Deposits
Amount of Deposit

Minimum Rs. 1000/-
Maximum - No ceiling (Can be deposited in odd amount also)

Period of Deposit 15 days to 120 months, Kamadhenu Deposit – Minimum Period – 5 months
Periodicity of Interest Payment Monthly (discounted)/Quarterly/half yearly on Fixed Deposits. Compounded quarterly on Kamadhenu Deposits payable on maturity.
Nomination Facility Available
Loan Facility Available upto 90% of the deposit amount
TAX Deducted at Source Applicable on interest payable as per prevailing Income Tax rules
Penalty for PRE-Mature Closure A penalty of 1.00% will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of less than Rs. 1 Crore that are placed/renewed on or after 04.02.2011 and of less than Rs. 2 Crore that are placed/renewed on or after 12.03.2019.
No penalty will be levied for premature closure/part withdrawal/premature extension of Domestic / NRO term deposits of Rs.1 Crore & above that are placed / renewed on or after 13.10.2012 and of Rs. 2 Crore & above that are placed / renewed on or after 12.03.2019.
  • Individuals, who have completed the age of 60 years and above, in single or joint names.
  • In case of joint account, accounts can be opened jointly with other Senior Citizens or with other persons below the age of 60 years subject to the condition that the Senior Citizen is No.1 depositor.
  • Application in the Banks prescribed form.
  • Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card).
  • Photograph of Depositor/s (2 copies).
  • Proof of Identity and address as per KYC Norms.
  • A certified copy of any of the documents mentioned under Mandatory Documents.


Mandatory documents

At the time of opening of new deposit account a certified copy of any of the following documents may be produced for age verification.

  • Secondary School Leaving Certificate indicating the Date of Birth.
  • LIC Policy.
  • Voters Identity Card.
  • Pension Payment Order.
  • Birth Certificate issued by the competent authority.
  • Passport.
  • Any other documents acceptable to the Bank.
  • Additional 0.50% will be paid for domestic term deposits (including RD and except for NRO, NRE and Capital Gains Deposit scheme) of less than Rs. 2 Cr and with tenor of 180 Days and above, over and above the rate offered for General public. Visit our Deposits Interest rate Page Click Here.
  • The system will automatically enable preferential ROI of 0.50% to all existing eligible Domestic Term Deposits and RD Deposits from the date of Customer attaining Senior Citizen status w.e.f. 24.07.2018.
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Last updated on 25-09-2023 12:05 AM

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