Features & Benefits
Higher Interest Rates
Earn higher interest rates up to 9% on your term deposits up to INR 1 Cr.
Flexible Interest Payout Options
Avail flexible Interest Payout Options- monthly, quarterly, or cumulative FDs.
Flexible Renewal and Pre-Closure Terms
Invest in Term Deposits with hassle free renewal and pre-closure service.
‘Simply More’ for Senior Citizens
Doorstep fulfillment along with higher interest rate of 0.5% more .
Festive offerings and discounts

Add to your festive moods by availing special offers and discounts on specialized Term Deposit schemes

Instant FD Opening

Create an FD ‘by the click of a button’ through Internet Banking

Have any Questions?
What is the Eligibility Criteria to open a FD ?
Smart Fixed Deposit can be opened either as single holder or joint holder saving deposit or for entities
  • Single holder deposits: Individuals or entities as per KYC policy of the bank
    1. Resident individuals above 18 years of age
    2. Minors of any age provided the account is opened through his/her natural or legally appointed guardian. Entities: As per the entities defined in bank’s KYC policy
  • Joint holder deposits
    1. Jointly by 2 or more individuals or entities and any combination thereof as mentioned in the bank’s KYC policy
  • What is the insurance cover for deposits?
    All bank deposits are covered under the insurance scheme offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) subject to certain limits and conditions. The details of the insurance cover in force, will be made available to the depositor as and when requested.
  • The DICGC insures all deposits such as savings, fixed, current, recurring, etc. deposits except the following types of deposits:
    1. Deposits of foreign Governments
    2. Deposits of Central/State Governments
    3. Inter-bank deposits
    4. Deposits of the State Land Development Banks with the State co-operative bank
    5. Any amount due on account of and deposit received outside India
    6. Any amount, which has been specifically exempted by the corporation with the previous approval of Reserve Bank of India
  • Each depositor in a bank is insured up to a maximum of ₹ 1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same right and same capacity.
  • For example, if an individual had an account with a principal amount of ₹ 95,000 plus accrued interest of ₹ 4,000, the total amount insured by the DICGC will be ₹ 99,000. If, however, the principal amount in that account was ₹ 1,00,000, the accrued interest will not be insured, not because it was interest but because that was the amount over the insurance limit.
  • The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount up to ₹ 1,00,000 is paid.
  • What is the TDS on interest earned?
  • Tax on interest earned on a fixed deposit shall be deducted at source on each interest payment and on interest accrued on March 31 of every year, if the total interest from all FDs with the bank for the financial year exceeds the INR 10,000 (as specified by the income tax act)
  • TDS certificate for the amount deducted shall be issued by the bank
  • For no tax deduction at source individuals have to submit form 15G/H at the beginning of every financial year. If not submitted- TDS will be deducted. TDS certificate would be issued to the customer on quarterly basis
  • In case customer wants to give Form 15G/H in mid of the month / year, 5th of every month would be taken for consideration. Till the date of receipt of 15G/H, TDS would be deducted and balance period waiver would be marked from the month of submission to 31st March
  • Please note that TDS will be waived only up to the maximum of the income tax slab; i.e. interest income up to ₹ 2.50 lakhs for individual & ₹ 3.00 lakhs for Sr. Citizen, (e.g. ₹ 30 lakhs*9% = ₹ 2.7 lakhs, as per IT act only ₹ 2.50 lakhs exempted, so this customer is not eligible for form 15 G / H)
  • In-case of a joint FD, TDS will be deducted in the name of the first account holder.
  • How do I apply?
    Please fill out this link. We will get in touch with you soon.
    What documentation do I require?
    As per KYC norms of the bank. For account opening, an Aadhar and PAN card would suffice.
    What are the interest payment options and frequency?
  • Customer will be given the option of cumulative interest (compounding) at the end of every quarter, or payout at the end of every month, or payout at the end of every quarter
  • Customer has to convey his/her option at the time of opening the account. No changes shall be allowed at a later date.
  • Default option is cumulative interest, with interest being compounded quarterly
  • Any interest payouts to customers will be net of TDS.