Term Deposit

Term Deposit Interest Rate (w.e.f.- 01/12/2019)

Period For General Public

For Senior Citizen / Charitable Trust / Co-op. Soci.( Regd.) / Educational Inst. (Regd.)

15 to 29 Days
(for Minimum Dep. of Rs.5 Lacs)

05.25% 05.75%
30 to 45 Days 05.25% 05.75%
46 to 90 Days 05.25% 05.75%
91 to 180 Days 06.25% 06.75%
181 Days to less than 1 Year  06.50% 07.00%

1 Year to less than 2 Years  

07.75% 08.25%
 2 years and above 07.00%  07.50% 

For Lakhapati Deposit Scheme

Monthly Deposit Month Maturity Amount in Rs. (approx)
General Public Senior Citizen


36 101133.00 101929.00
Rs.4500.00 21 101465.00 101698.00
Rs.8000.00 12 100100.00 100235.00

 Special Recurring Deposit Scheme for Women.

Period Int. Rate
1 Year to less than 2 Years 08.25%
2 Years and above 07.50%

  Nav Jeevan Suraksha Term Deposit Scheme (w.e.f 21-09-2019)*

Period Amount Int. Rate General Public & Sr. Citizens
Minimum Maximum
12 Months  Rs. 1.00 Lakh Rs. 50.00 Lakhs 08.00% p.a. (simple)

 Shubh Laxmi Deposit Scheme (w.e.f 15-10-2019 till 25-11-2019)

Period Amount Interest Rate
General Public Sr. Citizen/ Charitable Trust/ Co-op Societies (Registered)
222 Days Rs. 10,000 (Minimum) 08.25% 08.50%



  1. The revised Interest Rates are to be applicable on Fresh Term Deposits or renewal of Deposits on its maturity, accepts on or after the effective date i.e. – 21st Sep, 2018.
  2. The revised Interest Rates are applicable to Recurring Deposits accepted in completed quarters only.
  3. Further, Premature Closer of existing Term Deposits will Attract Penal Interest if the Maturity Date of renewed term deposit is earlier than the maturity date of the existing deposit. Further, if the date of Maturity of renewed term deposit is later than the existing deposit, then No Penalty will be levied.
  4. Rules of Business as applicable to all Term Deposits as per RBI Guidelines issued from time to time.

‘Please visit your nearest Nav Jeevan Banks Branch for more information, terms & condition.’