Fixed Deposit

A steady source of income is imperative at all points in your life. At "Nagrik Sahakari Bank Maryadit" we understand this need for security. Our secure Fixed Deposits provide you greater earnings with the flexibility of maintaining your funds in accessible units; therefore, you do not need to break the entire deposit. Enjoy this privilege in different ways as "Nagrik Sahakari Bank Maryadit" offers you a range of Fixed Deposit schemes that give you a good rate of interest, thereby providing you with a strong sense of security. Tax Saver Deposits - Five years tax-free Fixed Deposit (Interest Rates same as Regular Fixed Deposits) Important Points:

• Interest on deposits is payable either quarterly or compounded quarterly (i.e., re-investment of interest) or monthly at a discounted value at the option of the depositor
• For deposits with tenure of below 6 months 1 day, the interest is calculated at maturity as Simple Interest*
• As per changes in the Finance Bill 2015, effective 1st June 2015, TDS on Term Deposits in now applicable at Bank level instead of branch level.
• As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% (as against 10% which is the existing TDS rate) in case of Domestic deposits and 30.90% in case of NRO deposits
• In the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable
• Customer can submit form 15G/H to avail benefit of TDS exemption. In case the amount in 15G/H exceeds the applicable minimum tax exemption limit, the form would not be valid
• Please visit your nearest "Nagrik Sahakari Bank Maryadit" branch to submit or confirm updation of your PAN with the bank
• Fixed Deposits with value of less than Rs. 1 Crore can be booked on our Net Banking portal. For Fixed Deposit with value of more than or equal to Rs. 1 Crore, please visit our Branch or speak to your Financial Advisor