• ATM Toll Free No. 1800 532 7444 / 1800 123 6230 / 1800 833 1004
  • To Block ATM card - 81065 73542
  • Toll Free No. 1800 425 1191

Special Term Deposit

Special Term Deposit

This product is a variant of Term Deposits but instead of Interest being paid out at a regular frequency during the period of deposit; here it is paid out only at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon.


  • Minimum period of deposit - 6 Month
  • Maximum period of deposit- 10 Years
  • Available at all branches
  • Minimum deposit: Rs. 1,000/-, Maximum deposit: No upper Limit
  • A deposit of Rs. 1 cr and more is treated as bulk deposit
  • Interest on deposit is compounded quarterly and paid to depositor at the end of the term
  • Nomination available in favour of individual only
  • Term Deposit (together with interest) of Rs. 20000/- and above shall not be paid in cash.
  • Transferability allowed among our branches
  • TDS is applicable as per Income Tax Rules. Form 15G/H can be submitted by the depositor for exemption from tax deduction as per IT Rules

Loan against deposit is allowed with applicable margin as under

>12 MONTHS 15%


Below are the individuals and entities eligible for a Regular Fixed Deposit:

  • Resident Individuals singly or Jointly
  • Minor ( himself/herself or through his/her Guardian )
  • Hindu Undivided Families
  • Sole Proprietorship Firms
  • Partnership Firms
  • Limited Companies
  • Trust Accounts
  • Local Bodies and any Government Department.

Terms and Conditions

  • Premature closure available