Earn higher returns

When it comes to savings, be in control with a fixed deposit. Simply decide how much money you want to put away and the period of time you want to invest for. Get guaranteed returns, always higher than a normal savings account.

What you need to know to get started and lock your savings away.

  • Invest with an initial amount of Rs. 100,000
  • Place funds for a nominated period ranging from 7 days to 60 months (7 days, 3, 12, 24, 36, 48 to 60 months)
  • Pick from available interest payment frequencies: monthly, quarterly, yearly or at maturity
  • The interest rates vary depending on the term and the prevailing savings rate. Interests can be paid at varying points
  • You can’t add funds to the deposit during the contract duration
  • You can decide for early withdrawals if you really need to; an interest adjustment and a penalty fee will apply


Find more about our rates and fees here.

Save Smartly

Your Secure Investment

A wise move: one placement and the certainty of return.

  • Earn a guaranteed, higher return than on a standard savings account
  • Enjoy competitive rates for investments of longer terms and higher amounts
  • Use your fixed deposit as a guarantee for a loan facility
  • We’ll notify you when your term is about to reach maturity

Consider your Options

When your term is up you can choose to

  • reinvest the initial placement and interest earned at maturity
  • reinvest your capital and have the interest received paid to an MCB account
  • reinvest a portion of your capital and get paid the remainder with the interest
  • get paid both your principal and the interest to the designated account
  • have the fixed deposit to roll over automatically with the same term as before and at the rate applicable at the time of maturity
  • simply add more funds to reinvest

Open a Fixed Deposit on Internet Banking

You can start your investment online, no documents required. There’s nothing easier, faster or more convenient.

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