Fixed Deposit
Grow your savings safely with a UGB Fixed Deposit — choose a tenure from 7 days to 10 years and lock in a fixed interest rate for the full term. Senior citizens earn a preferential rate.
Overview
Types of FDs
Rates & Others
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Higher rate of interest; lesser liquidity
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Duration: 07 days to 10 years
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Min tenure: TDR: 07 days | STDR: 12 months
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Max tenure: All: 10 years
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Interest application: TDR - non cumulative | STDR - cumulative (12 to 120 months)
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TDS is applicable as per Income Tax Act and Rules. Form 121 can be submitted by the eligible depositor for exemption from tax deduction as per IT Rules.
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FD can also be made through Internet Banking or Mobile Banking.
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Please fill appropriate maturity instructions at the time of opening Fixed Deposit.
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PAN is mandatory in case of total Fixed Deposit of Rs.10 lakh or more in a year.