Deposit Schemes
Demo rates: The rates below are indicative and for website-testing purposes only.
Savings Bank Account
A simple savings account for individuals, joint holders, and minors, with a passbook, ATM card, and mobile alerts. Minimum balance: ₹500 (rural branches), ₹1,000 (urban branches).
| Account Type | Interest Rate (p.a.) |
|---|---|
| Regular Savings | 3.50% |
| Senior Citizen Savings | 4.00% |
Fixed Deposits
Lock in your savings for a fixed term and earn a guaranteed return. Premature withdrawal permitted with applicable penalty.
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 91 – 180 days | 5.25% | 5.75% |
| 181 days – 1 year | 6.25% | 6.75% |
| 1 year | 6.75% | 7.25% |
| 2 years | 6.90% | 7.40% |
| 3 – 5 years | 7.00% | 7.50% |
Recurring Deposit (RD)
Save a fixed sum every month for a chosen tenure (1–10 years) and build a lump sum with interest of 6.50% p.a. Minimum monthly instalment: ₹100.
NRE / NRO Deposits
Deposit accounts for Non-Resident Keralites, available in both NRE (repatriable) and NRO (non-repatriable) formats, at 6.75% p.a. for a 1-year term.
How to Open an Account
Visit your nearest branch with proof of identity, proof of address, and two passport-size photographs. Account-opening forms are available at every branch — see Contact Us for details.