Term Deposit and Recurring Account
Term Deposit
- Deposit kept for a fixed period.
- Period decided at time of opening.
- Withdrawn or renewed on maturity.
- Minimum period: 6 days.
- Minimum amount: ₹100.
- Interest paid monthly / quarterly / on maturity.
- Loan facility available against deposit.
Auto Renewal of Fixed Deposits
- Automatic renewal on maturity date.
- Fixed Deposit renewed automatically.
- Standing instruction for interest credit available.
Cumulative Deposit
- Fixed amount invested for fixed period.
- Quarterly compounding of interest.
- Interest earned on accumulated interest.
- Minimum period: 7 days.
- Maximum period: 10 years.
RD Recurring Deposit
- Fixed amount deposited monthly.
- Payable after fixed period.
- Minimum period: 1 year.
- Maximum period: 10 years.
- Repayment with interest on maturity.
- Standing instruction via savings account.
Interest Rate Benefits
- Additional benefits on higher deposits.
- 0.25% extra for deposits ₹25 Lakh & above.
- Senior Citizens (58+) get additional 0.50%.
Other Features
- Core Banking implemented.
- Core Banking available in all branches.
Term Deposit Ahilyanagar Bank offers Fixed Deposit Recurring Deposit and Cumulative Deposit with attractive interest rates and Senior Citizen benefits.
