Term Deposit
  • A Term deposit is a deposit that has a fixed term. Term Deposits are generally short-term with maturities ranging anywhere from a month to a few years. Please visit your nearest OGB branch for opening of Term Deposit.
Minimum balance
  • Rs.100 or multiple of Rs.100.No ceiling on maximum amount. .
  • Individuals
  • Individuals jointly with other Individuals
  • For minor individual by Guardian
  • HUF
  • Sole proprietary concerns
  • Firms
  • Joint stock companies
  • Minimum Rs.100/- per month (in multiples of Rs.100/-). No ceiling on maximum amount.
  • Deposit can be opened for period ranging from 1 year to 10 years.(In multiples of 3 months)
  • Loan facility is available for deposit up to 90% of the amount present in your deposit account
  • Premature closure is allowed at any point of time
  • TDS applicable as per the extant IT guidelines.
  • Nomination facility available.
For further details, contact the nearest Branch