FIXED DEPOSIT SCHEME [This Facility for our members only]
The FIXED deposit account is an account in the bank where an investor deposits a fixed amount
of money for a fixed tenure (mostly ranging from one year to five years). This scheme is meant
for investors who want to deposit a fixed amount , in order to get a lump sum after some years.
The small monthly savings in the FIXED Deposit scheme enable the depositor to accumulate a
handsome amount on maturity. Interest at term deposit rates is computable on quarterly
compounded basis. The account can be opened by individuals.
FIXED DEPOSITS ( ON INVESTMENT OF RS.10000/- )
TERM & CONDITIONS : –
1. Minimum FD would be of Rs.5000/-and further in multiple of Rs.100/-.
2. Interest will be calculated Quarterly via compound interest.
3. TDS will be deducted on Interest.
4. Loan against deposit is up to 75% of deposit amount after 6 months.
5. Rate of interest on loan against FD would be 7.5% higher the applicable rate of interest.
6. Special Rate of Interest will be apply only Senior Citizen,Womens,physical handicap,and Minor childrens.
