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Deposit

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Savings Deposits

⤑ Minimum Balance Rs.500/- to be maintained.


⤑ Interest at 3.5% P.A on daily balance will be credited half yearly.


⤑ ECS direct credit facility


⤑ Any Branch Banking facility available


⤑ CTS cheque facility available


⤑ Direct member of clearing house


⤑ Personalized cheque book facility is available across all the branches.

Current Deposits

⤑ Convenient for Individual/Traders/Businessmen/Firms and Companies


⤑ Minimum Rs.5000/- Balance required to be maintained


⤑ ECS direct credit facility


⤑ CTS cheque facility available


⤑ Direct member of clearing house


⤑ Cheques deposited for clearing before 12 Noon will be credited next day evening on full working day as per NPCI rules


Recurring Deposits Monthly

⤑ Investor can deposit monthly a fixed amount in an account for a fixed period on monthly basis.


⤑ Interest will be credited quarterly rests.


⤑ Interest for 1 year is 7% and above 2 years 8.5%


⤑ Accounts can be opened by Individuals, firms, trusts, HUF etc


⤑ Loan facility available


⤑ Nomination facility available




FIX Deposit interest Rates (Simple Interest) (w.e.f 08.07.2024)
46 days to 90 days 4.00%
91 days to 180 days 5.00%
181 days to below 1 year 5.50%
above 1 year to below 2 years 8.00%
above 2 years to above 8.50%

For Senior citizens 0.5% p.a. additional interest for 1 year and above deposits only.

Monthly interest will be paid in full.

PRAGATHI Bhagyanidhi Deposit interest Rates (Compound Interest) (w.e.f 08.07.2024)
1 year to 2 years 8.00%
above 2 years to above 8.50%

For Senior citizens 0.5% p.a. additional interest for above 1 year deposits only.