The current deposit refers to a service without any deposit term limitations that cash deposits and withdraws can be made at Bank counters, Bank self-service equipment’s with Bank card，passbook or reserved password during Bank business hours.
A savings account is an interest-bearing deposit account held at a Bank or another financial institution that provides a modest interest rate. Banks or financial institutions may limit the number of withdrawals . Interest will be paid @ 3.75 % on daily basis.
Recurring Deposit is a special kind of Term Deposit offered by Banks which help people with regular incomes to deposit a fixed amount every month into their account.
|S.NO||Period of Deposits||Rate of Interest(%)|
|3||15 days to 45 days||4.00%|
|4||46 days to 90 days||5.00%|
|5||91 days to 180 days||5.25%|
|6||181 days to 364 days||6.25%|
|7||(365 days)1 year to 3 years||6.25%|
|8||Above 3 years||6.50%|
Vanitha Recurring Deposit is a special kind of Term Deposit offered by Bank to the Women, which help people with regular incomes to deposit a fixed amount every month into their account.