Term Deposit Schemes
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Warana Bank offers various ranges of Term deposit that suits investor’s requirements in the form of Fixed Deposits where interest is paid to investor’s at regular intervals, Re-Investment Benefit Deposits where interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits. Warana bank also help investors to cultivate the habit of monthly savings with the help of its Monthly Recurring Deposit schemes where investors can even start with a very nominal amount of Rs. 100 per month.
Nature Of Depositors
Term Deposit Account can be opened by:
- Individual – Single or Joint
- Minors – with Guardian
- Regd. Societies & Trusts
- Hindu Undivided Families (HUFs)
Checklist
- Customer Information File (CIF) form (for new accounts)
- Account opening form, duly signed by the account holders
- Introduction from existing account holder
- Photograph of account holders
- Photo identity such as photocopy of PAN Card, Driving License
- Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill, etc.
Various Term Deposit Scheme Available With Us Includes
- Fixed Deposits (FD) - Interest is paid to investor’s at regular intervals
- Re-Investment Benefit Deposits (RBD) - Interest gets accumulated in principle & investor receives an accumulated maturity amount at the end of tenure of deposits
- Monthly Recurring Deposit (MRD) - Schemes where investors can even start with a very nominal amount of Rs. 100 per month
Deposits (W.E.F.17/10/2025)
Indvidual & Society Deposite | ||||
Sr.No | Tenure | Individual Deposit | Senior Citizen | Society |
1 | 7 Day to 14 Days | 3.30% | 3.30% | 3.30% |
2 | 15 Day to 90 Days | 4.00% | 4.00% | 4.00% |
3 | 91 Day to 181 Days | 5.00% | 5.00% | 5.00% |
4 | 182 Day to 364 Days | 6.50% | 6.50% | 6.50% |
5 | 12 months to 23 months Up to ₹15.00 lakh Above ₹15.00 lakh | 7.15% 7.00% | 7.65% 7.50% | 7.15% 7.00% |
6 | 24 months and above | 7.50% | 8.00% | 7.50% |