Fixed Deposit Monthly Interest - Under this scheme monthly interest at discounted rate
is credited to customer account.
Fixed Deposit Quarterly Interest - Under this scheme quarterly interest is credited to
customer account.
Kalyan Thev Yojana- Interest is compounded quarterly and payable on maturity of the
receipts.
Eligibility
Any individual, Proprietory concern, partnership firm, limited company, HUF, AOP, LLP , Body of individuals, Trust can keep the amount in fixed deposits.
TDS will be deducted as per applicable Income Tax rule. As per the prevailing rule, TDS will be deducted if the aggregate of interest exceeds Rs.40,000 unless Form 15G/ Form 15 H is submitted at the beginning of each financial year.