Member's Fixed Deposit Account
A Fixed Deposit is an account opened with a bank wherein, the bank pays a guaranteed interest rate on the sums deposited in a Fixed Deposit account, for a stipulated period or tenure.
Documents Required for Fixed Deposits:
- Aadhar Card
- PAN Card
- Voter ID
- 2 Photos
| period | Normal rate | Senior citizen |
| From 30 days to 91 days | 5.50% | 6% |
| From 92 days to 181 days | 6.50% | 7% |
| Within 182 days from 1 year | 7.5% | 8% |
| For 1 year | 9% | 9.5% |
| Above 1 year | 8% | 8.5% |
Member's Recurring Deposits Account
Recurring Deposit scheme provides an opportunity to build up savings through regular monthly deposit of fixed sum over a period and have sufficient funds to achieve specific financial goals at the end of specific period.
Documents Required for Fixed Deposits:
- Aadhar Card
- PAN Card
- Voter ID
- 2 Photos
| period | Normal rate | Senior citizen |
| From 30 days to 91 days | 5.50% | 6% |
| From 92 days to 181 days | 6.50% | 7% |
| Within 182 days from 1 year | 7.5% | 8% |
| For 1 year | 9% | 9.5% |
| Above 1 year | 8% | 8.5% |
Member's Recurring Deposits Account
Recurring Deposit scheme provides an opportunity to build up savings through regular monthly deposit of fixed sum over a period and have sufficient funds to achieve specific financial goals at the end of specific period.
Documents Required for Fixed Deposits:
- Aadhar Card
- PAN Card
- Voter ID
- 2 Photos
9% interest per year will be given.
Accounts older than 2 years and within 3 years will be given 9.50% interest.