Term Deposits
All You Need to Know About Pune Peoples Bank Term Deposits
Term Deposits - FEATURES
Looking for a safe and rewarding way to grow your savings? A Term Deposit is the perfect solution! It is a secure investment option where you lock in your money for a fixed term and enjoy guaranteed returns. Unlike savings accounts, term deposits offer higher interest rates and peace of mind, as your funds grow steadily over time.
Choose from our range of deposit schemes tailored to meet your financial goals:
- Short Term Deposit / Call Deposit(31 days to 364 days)
- Cumulative Deposit
- Monthly Interest Scheme-Fixed Deposit
- Quarterly Interest Scheme-Fixed Deposit
Benefits
- Attractive interest rates.
- Safe and secure investment option.
- Choice of tenure based on individual needs.
- Options to receive interest periodically or at maturity.
- Suitable for achieving short-term or long-term financial goals.
- Extra Interest rates for Women Depositors.
ELIGIBILITY CRITERIA
- Individuals
- Non-Individuals
RATE OF INTEREST & CHARGES
Interest Rates for Deposits w.e.f 21-02-2025
| Sr. | Deposit Type | Period | Rate |
|---|---|---|---|
| 1 | Short Term | 31 Days to 90 Days | 4.00% |
| 2 | Short Term | 91 Days to 180 Days | 5.50% |
| 3 | Short Term | 181 Days to 365 Days | 6.25% |
| 4 | Fixed / Cumulative | 13 Months to 24 Months | 7.50% |
| 5 | Fixed / Cumulative | 25 Months to 36 Months | 7.55% |
| 6 | Fixed / Cumulative | 37 Months to 60 Months | 7.60% |
| 7 | Fixed / Cumulative | Above 60 months to 120 Months | 7.65% |
For Senior Citizens Special Interest Rates
| Sr. | Description | Rate |
|---|---|---|
| 1 | Deposits of Senior Citizens (Card Rate + 0.50 ) | 0.50% Extra |
| 2 | Additional Interest Rate on Deposit above Rs. 200 Lakhs for the Period above 12 Months | 0.50% Extra |
| 3 | Additional Interest for Women Depositors for Deposit amount Rs. 1.00 and above for the period of 15 Months & above | 0.10% Extra |
REQUIRED DOCUMENTS
Proof of Identity (PoI) And Proof of Address (PoA) :
- Passport
- Voter ID card
- Permanent Account Number (PAN) Card
- Aadhaar Card
Residence Proof :
- Utility bills (electricity, telephone, water, gas) not older than two months
- Property or Municipal tax receipts
Photograph:
- Two passport size photocopy
Documents required for KYC may vary from time to time as per the prevalent regulatory guidelines as well as Bank's internal policy.
All Deposit is covered under DICGC coverage. Click here
Related Products
Reinvestment Deposit
A Reinvestment Deposit is a great way to let your money work harder for you! Similar to a fixed deposit, this plan offers
Know More →
Recurring Deposits
The Recurring Deposit Scheme is an ideal option for those looking to build their savings with disciplined, monthly deposits.
Know More →