Term Deposit :
Vikas Bank offers various term deposit schemes for different durations. Our options includes re-investment term deposits with attractive interest rates with a minimum balance of Rs. 1,000.
Term Deposit Schemes :
| Period of Deposits | Minimum 15 Days and maximum 10 years. |
| Interest Payment | Quarterly / Monthly interest by pay order / Cash / Credit to account (In case of re-investment plan, interest will be compounded quarterly). |
| Maximum Amount of Deposit | No Limit. |
| Minimum Amount of Deposit | Rs 1000. |
| Lien on Deposit Facility | Available. |
| Premature Withdrawal | Available with a 1% interest rate cut (Applicable as per duration). |
| Interest Rate for Senior Citizens | 0.5% preferential rate. |
General Interest Rates on Term Deposits (w.e.f. 01.08.2025)
| Particular | ROI |
| 15 to 30 Days | 5.00% |
| 31 to 90 Days | 6.00% |
| 91 to 180 Days | 6.25% |
| 181 to 364 Days | 7.00% |
| 1 Year to 2 Years | 8.50% |
| 2 Years to 5 Years | 8.00 % |
Vikas Cash Certificate (Doubling Scheme) :
| Tenure | Category |
| 102 Months | Senior Citizen. |
| 109 Months | General Citizen. |
Special Deposit Scheme :
| Tenure | ROI |
| 400 Days | 9.50% |
| 555 Days | 9.75% |