MODEL 365
This is a Term Deposit investment that can be held for 365 days, where the depositor can get interest on a quarterly basis by way of credit to his Savings account. Investments can be made for minimum amount of Rs. 10,000 /- and in multiples of Rs.1,000/- thereafter.
TERM DEPOSIT INTEREST RATES (w.e.f. 01.11.2018)
| Term deposits | General Public | Sr. Citizen | Bulk |
| 7 to 29 days | 4 | 4 | 4 |
| 30 days | 5.5 | 5.75 | 5.75/(6.00 for 1 crore and above) |
| 31 days to 89 days | 5.5 | 5.75 | 5.5 |
| 90 days scheme | 6 | 6.25 | 6.25 |
| 91 days to 180 days | 5.9 | 6.15 | 5.9 |
| FDR 181 days to Below 1 year | 6.5 | 6.75 | 6.5 |
| (QRIP) 12 months | 7.5 | 7.75 | 8 |
| (QRIP) above 12 upto 36 months | 7 | 7.25 | 8 |
| (MIP/QIP) 12 months upto 36 months | 7 | 7.25 | 7.25 |
| (MIP/QIP/QRIP) above 36 months upto 60 months | 7.25 | 7.5 | 7.5 |
| (RD/MRD) 1 Year to 3 Years | 7 | 7.25 | 7 |
| (RD/MRD) above 3 Years to 5 Years | 7.25 | 7.5 | 7.25 |
| M1000 days | 7.5 | 7.75 | 7.75 |
| Model 365 days | 8 | 8.5 | 8.75 |
| 6 months deposit scheme | 6.5 | 7 | 7 |
* Conditions Apply
* KYC Documents such as Residence Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.