Fixed Deposit

Overview

Term deposit scheme is an excellent option to preserve a part of your savings. It offers a uniform interest flow that could be reliable than any investments options.

In a fixed deposit, you invest a lump sum for a fixed tenure at mutual agreed rate of interest. At the maturity, you will receive the amount you have invested with interest.

Salient Features

  • Deposit period ranges from 15 days to 10 years with assured regular Monthly/ Quarterly income.
  • Minimum Deposit Amount is Rs. 100/- with no ceiling for the maximum amount.
  • Deposit account can be opened individually/ jointly and also in the name of minors.
  • Quarterly payment of interest or at discounted value at monthly rests.
  • Loan facility and Nomination facility available.