It offers something more than a Saving Bank Account.As money is deposited for fixed period of time that offer high rate of interest.Usually it cannot be withdrawn before the date of maturity. Secured loans can be availed on the security of F.D receipts.The depositor have the facility to close the account at any time as premature closing yet the interest rate may vary as per the period of closing the account.
Given below is the interest rate details at present W.i.e.f 27/05/2014
Interest rates
| Period | Rate | Rate for Senior citizen |
| 15 Days to 44 Days | 7.50% | 8.00% |
| 45 Days to 90 Days | 8.00% | 8.50% |
| 91 Days to 179 Days | 8.75% | 9.25% |
| 180 Days to 364 Days | 9.25% | 9.75% |
| One year and Above | 10.25% | 10.75% |
ALL THE DEPOSITS ARE GUARANTEED UNDER DEPOSIT GUARANTEE SCHEME
