In this scheme the money can be deposited for a fixed time period of 30 days or more. It can be withdrawn before maturity date if required. The interest on deposited money is payable either monthly/quarterly/half yearly/yearly. The Interest Rate is as follows
| Duration | Interest Rates | Senior Citizen Rates |
|---|---|---|
| 15 TO 45 DAYS | 3.50% | 4.00% |
| 46 TO 179 DAYS | 4.75% | 5.25% |
| 180 TO 210 DAYS | 5.75% | 6.25% |
| 211 to less than one year | 6.00% | 6.50% |
| One year and less than two year | 7.30% | 7.80% |
| Two year and less than three year | 7.50% | 8.00% |
| Three year and less than five year | 6.75% | 7.25% |
| Five year and above | 6.50% | 7.00% |