FIXED DEPOSIT PLAN

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/- )

TENURE RATE OF INTEREST MATURITY AMOUNT SPECIAL RATE OF INTEREST MATURITY AMOUNT
12 Months 12.5% 11300 12.5% 11300
24 Months 12.5% 12790 12.5% 12790
36 Months 12.5% 14460 12.5% 14460
48 Months 12.5% 16360 12.5% 16360
60 Months 12.5% 18500 12.5% 18500

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.