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 equipments 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 @ 4 % 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(%)|
|2||15 days to 45 days||5.75%|
|3||46 days to 90 days||6.75%|
|4||91 days to 180 days||7.00%|
|5||181 days to 364 days||7.50%|
|6||Above 1 year to 3 years||8.00%|
|7||Above 3 years||7.75%|
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.