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FD (regular)

Risk-free defined growth

We, LUB, understands the requirement of security. Our risk-free fixed deposits provide you extra fruits on your money with accessible features at all time of your life. LUB offers your saving with no entry cost, flexible tenure & higher interest rates.

Fetures & Benefits:

  • Flexible Tenor ranges from 15 days to 120 months
  • Choice of various fixed deposits scheme
  • Interest payable monthly, quarterly, half yearly, annually or at maturity as per your need
  • Nomination facility available
  • Higher rates for Senior citizen
  • Loan against Pledge/Lien up to 90 % on Deposits facility available
  • Instant access to your funds when you need it. Premature Withdrawal is Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
  • No maximum limit on deposits
  • Deposits are insured as per DICGC Rules
  • As per changes in Finance Bill,2015 TDS on deposits is also applicable to members(shareholders) at bank level (instead of branch level)
  • As per section 206AA, every person who is in receipt of tax deductible income shall furnish PAN, failing to which TDS deductible at 20% (instead of 10%)
  • Form 15G/15H can be submitted to avoid TDS deduction if income chargble to tax does not exceed basic exemption limit.
  • In the absence of PAN, form 15G/15H is invalid.
  • Deposit receipt are not transferable by endorsement.

Deposits Option At Glance

Type of Deposits Highlights
Fixed deposit monthly interest(FDM)
  • This scheme has been tailored for those who need regular flow of income
  • Interest payment monthly by pay order/credit to account
Fixed deposit monthly interest (FDQ)
  • Interest payment Quarterly by pay order/credit to account
Dam Dupat (DAD)
  • The amount invested will be doubled at the time of maturity

  • Amount doubled in minimum period
Reinvestment (RIN)
  • Interest earned is re deposited
  • Interest along with Principle will be paid at the time of maturity

  • Most convenient way to secure your deposits.
Fixed Deposit(FD)
  • Interest along with Principle will be paid at the time of maturity

* Revised rates effective from 06.01.2026. Senior citizens (60+ years) get 0.25% additional interest. Reinvestment scheme available for 37 months+.

Sr. No. Deposit Tenure / Period General Public Rate (%) Institutions
/Firms/Companies Rate (%)
1 7 Days to 45 Days 3.00% 3.00%
2 46 Days to 90 Days 4.00% 3.00%
3 91 Days to 180 Days 5.00% 5.00%
4 181 Days to 12 Months 6.50% 6.50%
5 13 Months to 24 Months 7.10% 7.10%
6 25 Months to 60 Months 7.50% 7.50%
7 61 Months to 120 Months 7.25% 7.25%
8 Savings Bank Deposit Rate 3.00% ---