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Term Deposit Products

Interest rate on Term Deposits.

Our bank has been paying relatively high rate of interest on term deposits since the inception of the bank. The interest rates on term deposits are furnished below:

Period Revised Rates %
(w.e.f. 01.05.2025)
Less than Rs 1 Cr Rs 1 Cr & Above
7 days to 45 days 4.00 3.50
46 days to 90 days 5.50 5.25
91 days to 179 days 6.25 6.00
180 days to 364 days 7.00 6.75
1 year to less than 2 years 7.60 7.35
2 years and above 7.15 6.90
Senior Citizens 0.50% extra in all the above slabs
AKSHAYA Term Deposit Scheme – (Non-Callable) 7.50% for one year period
  • Term deposit scheme with quarterly interest drawal facility.
  • Monthly interest drawal facility is also available at the option of the customer at discounted rate of interest.
  • Deposit can also be made for minimum period of 7 days.
  • Maximum period of deposit is 120 Months.
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.

Reinvestment Term Deposit (KLDGP):

  • Term deposit scheme with reinvestment of interest quarterly.
  • Minimum period 6 Months
  • Maximum period 120 Months
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.

Tax saver Term Deposit:

  • Term deposit scheme with tax exemption facility up to Rs.1,50,000/- under 80 CC of IT Act.
  • Minimum period is 60 Months.
  • No premature cancellation and no deposit loan allowed on the deposit.
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.

Recurring Deposit Scheme

It is meant for steady and gradual savings for individuals to build-up savings through regular monthly deposit of a fixed sum over a fixed period and mobilizing savings of those who get income on monthly basis and can afford to set apart a portion of their income. The salient features are as mentioned below.

  • Term deposit scheme with fixed monthly instalments payment facility.
  • Minimum period 12 Months.
  • Maximum period 120 Months.
  • Senior citizens will be allowed 0.5% extra rate of interest.
  • Nomination facility available.

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