Product Details

Fixed Deposit

A fixed deposit (FD) account allows you to earn a fixed rate of interest for keeping a certain sum of money locked in for a given time, that is until the FD matures. FDs range between a maturity period of seven days to 10 years.

  • Assured rate of return
  • Tax Benefit
  • Flexible tenure
  • Easy liquidation
  • Loans against FD
Contact Us:+91 9945545707 or 080-22328583
E-Mail: info@grameenasetu.in
Amount
1 Year
8.00%
2 Year
8.50%
3 Year
9.00%
4 Year
9.00%
5 Year
9.00%
10 Year
8.50%
20,000 21,600 23,328 25,194 27,210 29,387 43,179
50,000 54,000 58,320 62,986 68,025 73,467 1,07,947
1,00,000 1,08,000 1,16,640 1,25,971 1,36,049 1,46,933 2,15,894
2,00,000 2,16,000 2,33,280 2,51,942 2,72,097 2,93,865 4,31,784
3,00,000 3,24,000 3,49,920 3,77,914 4,08,147 4,40,799 6,47,678
4,00,000 4,32,000 4,66,560 5,03,885 5,44,196 5,87,732 8,63,571
5,00,000 5,40,000 5,83,200 6,29,856 6,80,244 7,34,664 10,79,462
10,00,000 10,80,000 11,66,400 12,59,712 13,60,489 14,69,328 21,58,924

* For SR Citizens: 0.5% Additional rate Of Interest
** rates subject to change

Recurring Deposit

A recurring deposit (RD) has a fixed tenure. You need to invest a fixed sum of money in it regularly every month or once a quarter to earn interest.

The sum you need to invest here is smaller and more frequent. You cannot change the tenure of the RD and the amount to be invested each month or quarter. The maturity period of an RD could range between six months to 10 years.

  • Attractive interest rate
  • Best for short-term goals.
  • Save bit by bit.
  • No penalty if you miss a month.
  • Start with minimum Rs 100/month
  • Save for just 12 months.
  • Documentations through on line
Please reach us on:+91 9945545707 or 080-22328583
E-Mail: info@grameenasetu.in
Amount
1 Year
8.00%
2 Year
8.50%
3 Year
9.00%
4 Year
9.50%
5 Year
9.50%
1000 12,529 26,228 41,417 58,484 76,872
2000 25,058 52,456 82,834 1,16,968 1,53,744
3000 37,587 78,685 1,24,251 1,75,453 2,30,616
5000 62,646 1,31,142 2,07,086 2,92,421 3,84,360
10000 1,25,293 2,62,284 4,14,172 5,84,843 7,68,721

** rates subject to change

DDS- Daily Deposit Scheme (Pigmy)

Daily Deposit Scheme Features & Benefits

Pigmy Deposit Scheme is a monetary deposit scheme where Money in amounts as small as fifty rupees can be deposited into an account on a daily basis, by a bank agent collecting the money from the account holder's doorstep. The scheme is introduced to help daily wage earners, small traders and farmers begin saving, as a means to fund their bigger capital requirements such as weddings or purchases of homes or vehicles.

  • In this scheme money can be deposited into an account on daily basis.
  • The amount may be as small as ₹50/- .
  • The unique characteristic of this scheme is that an agent from the bank collects money to be deposited, on daily basis, from doorsteps of account holder.
  • The minimum denomination of the scheme is ₹50/- per day and in multiples of 50.
Time Period
(in months)
Duration
(in days)
Interest
06-12 Months 181 Days - 365 Days 3%
> 12 Months > 366 Days 6%

Current Account

A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. These accounts hold more liquid deposits with no limit on the number of transactions per day.

Current accounts allow overdraft facility, that is withdrawing more than what is currently available in the account. You need to maintain a minimum balance to be able to operate current accounts.

Savings Account

A savings bank account is a regular deposit account, where you earn a minimum rate of interest. Here, the number of transactions you can make each month is capped.

Banks offer a variety of Savings Accounts based on the type of depositor, features of the product, age or purpose of holding the account, and so on. There are regular savings accounts, savings accounts for children, senior citizens or women, institutional savings accounts, family savings accounts, and so many more.

You have the option to pick from a range of savings products. There are zero-balance savings accounts and also advanced ones with features like auto sweep, debit cards, bill payments and cross-product benefits. A cross-product benefit is when you have a savings account with a bank and get to avail special offers on opening a second account such as a demat account.