Fixed Deposits

Overview

Fixed Deposits are generally short-term deposits with maturities ranging from 07 days to 10 years offering attractive interest rates. This Account also facilitates the depositors to avail loan/overdraft against their deposits and also repayable on demand before maturity during exigencies.

Features
  • Flexibility in period of deposit with maturity ranging from 07 days to 10 years.
  • Minimum deposit amount of Rs 100.00 .
  • Offers high interest rates on quarterly basis with auto renewal facility.
  • Nomination facility.
  • Option to withdraw the interest amount in monthly/Quarterly/Half Yearly basis.
  • Standing Instruction with Auto debit and Closure on maturity.
  • Available in digital channels such as AGVB Mobile Banking Application.
  • Term loan/ overdraft upto 90% of the deposit during exigencies.
  • repayable on demand before maturity.
Eligibility

Indian citizens (individuals, joint accounts, HUFs, and minors with a guardian), Companies, trusts, partnership firms, and other business organizations.

Minimum Amount

Rs 100.00 with no upper limit.

Required documents

Identity and Address Proof (PAN/ Aadhaar/ Passport etc. ) of individual/proprietors/ partners as applicable.

Penal Charges on preclosure/ default

Maximum 1 % on interest earned for remaining period of maturity.

TDS

As per IT rules.

Rate of Interest

As per term deposit table

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