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Term Deposits

A Term Deposit is a time-bound investment product that allows you to lock in your money for a predefined period in return for a fixed interest rate. It is designed to help investors grow their savings without any risk to the principal amount. At the end of the term, the invested amount along with the interest is returned to the investor.

Term deposits are ideal for those looking for a low-risk, high-return investment and a predictable income over the investment horizon.

Overview

  • For Land development / Minor Irrigation / Farm Equipments etc
  • For Allied Activities like Dairy / Poultry /Fishery etc

Eligibility

  • Borrowers can be Individuals, proprietary, partnership concerns, SHGs, Companies, Trusts in MSME segment (service units) engaged in contractor/sub- contractor activity and falling within the meaning of Micro, Small & Medium Enterprises as defined in MSMED Act, 2006
  • Satisfactory dealings with the Bank

Additional Info

  • Low Margin
  • Wide Repayment : upto 7 yrs
  • Low processing charges
  • Hassle free documentation etc.

Rates & Others

  • Click HERE for more details about Deposit interest rates& Service charges.
  • For more quries please contact to your nearest branch.
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