Maximise your interest earnings with short-term investments that carry a high yield. You'll find our rates on fixed deposits very competitive.
Convenient Automatic renewal of your deposit, according to your renewal instructions at time of placement.
Make changes to your settlement instructions by giving us two working days notice prior to the maturity date.
Fixed deposits can be staggered to facilitate several maturity dates so that funds can be available as needed. Obtain an overdraft against your 12 or 24 month fixed deposit, of up to 90% (minimum Rs. 100,000) of the value of your investment, so you wont need to break your deposit unnecessarily.
In an emergency you can uplift your FD prematurely, and still earn some interest for the actual duration of the investment at a lower rate determine by the bank.
Interest will be paid at maturity, with the option of monthly interest for a 12 or 24 month FDs.
Safe Deposit Locker
You will be entitled to a safe deposit locker* at a nominal rental, if you open a 12 or 24 month Fixed Deposit for Rs. 1,000,000. Click here for more details. *subject to availability
Choose from deposit terms ranging from 1 month to 3, 6, 12 , 24, 36, 48 and 60 months in duration.
To open a fixed deposit, you will need
- A minimum investment of Rs. 100,000 for 1, 36, 48 or 60 months duration and Rs. 10,000 for a 3, 6, 12 or 24 month deposits.
- A copy of your National Identity Card or a valid Passport.
Withholding tax is payable on interest earned as specified by the Department of Inland Revenue