The FD rates vary based on the tenure and the amount deposited. As of the latest update, the rates can range from 3.50% to 6.50% per annum. It’s best to check the official bank website or contact the bank for the most accurate and updated rates.
The minimum tenure for an FD is 7 days, and the maximum tenure can go up to 10 years.
Yes, premature withdrawal is allowed, but it may attract a penalty. The penalty rate can vary, so it’s advisable to check with the bank for specific details.
Yes, senior citizens usually get a higher interest rate on FDs, which is typically 0.50% more than the standard rate.
Interest earned on FDs is taxable. The bank deducts TDS (Tax Deducted at Source) if the interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
Yes, you can open an FD account online through the bank’s official website or mobile banking application.