Fixed Deposits
- Higher rate of interest; lesser liquidity
- Duration: 07 days to 10 years
- 3 types: TDR/STDR
- Min tenure: TDR : 07days
- Min tenure: STDR : 12 months
- Max tenure: All : 10 years
- Interest application: TDR- non cumulative
- Interest application: STDR - cumulative (12 months to 120 months)
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TDR
- Simple rate of interest
- Normally opened for period less than a year though can be issued for up to 10 years
- Interest payout possible on quarterly intervals STDR
- Compounded rate of interest
- Can be opened for any number of years: 1 to 10/quarters: 4 to 40
- During deposit mobilization drives special STDR schemes are introduced for specific number of days such as 555 or 777 etc.
- Constitution: Individuals/ Proprietorship / Partnership / Firms/Trust/Society/ Hindu Undivided Families /Company / Club / Association/ Joint stock companies/ Any other entities as permitted by RBI.
- Fixed deposits can be opened by visiting nearest UGB branch
- Proof of Address and identity
- Photographs
- Click HERE for more details about Deposit interest rates& Service charges.
- For more quries please contact to your nearest branch
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