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Fixed Deposits

It is a deposit where the Interest is being paid at Monthly/Quarterly intervals.

Interest payment Date Months in which interest is payable
Monthly Quarterly
Last date of the month Every Month * March, June, Sep, Dec

* Applicable for 36 month Deposits only

For Deposit interest rates click here.

Method of interest credit

Interest warrants crossed 'Account Payee' are dispatched:

  • Direct to the bank under advice to the depositor
  • Through RBI Electronic Clearance Service (ECS)

The following table details the Bank on which the Interest Warrants are drawn, branches at which At Par facility is available and places where ECS facility is available.

Interest Warrant Date 16
Drawee Bank State Bank of India
At Par Branches All Branches
ECS Ahmedabad
Chennai
Bangalore
Hyderabad
Kolkata
Mumbai
Nagpur
Delhi
Madurai
Coimbatore
Thiruvananthapuram
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