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You are here :  Deposits | SF - Fixed Deposits

FIXED DEPOSITS
It is a deposit where the Interest is being paid at Monthly/Quarterly intervals.

Interest payment Date Months in which interest is payable
Monthly Quarterly
16th Every Month * March, June, Sep, Dec

               *   Applicable for 36 month Deposits only


For Deposit interest rates click here


Method of interest credit


Interest warrants crossed ‘Account Payee’ are dispatched:

  • Direct to the depositor
  • Direct to the depositor with bank details
  • Direct to the bank under advice to the depositor
  • Through RBI Electronic Clearance Service (ECS)

The following table details the Bank on which the Interest Warrants are drawn, branches at which At Par facility is available and places where ECS facility is available.


Interest Warrant Date 16
Drawee Bank State Bank of India
At Par Branches All Branches
ECS

Ahmedabad
Chennai
Bangalore
Hyderabad
Kolkata
Mumbai
Nagpur
Delhi
Madurai
Coimbatore
Thiruvananthapuram


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