Product Variants

FIXED DEPOSIT RECURRING DEPOSIT DAILY DEPOSIT

 

Fixed deposits

Fixed deposit (FD) is an account where a sum of money is kept with the Bank, whereby the Bank pays interest at a pre-determined rate for the time duration of the deposit. The rate of interest paid for fixed deposit varies according to amount, period and from bank to bank. At the end of the term, the principle and interest is returned back to the customer. Generally fixed deposit can be opened for a minimum period of 7 days to maximum of 10 years.
The general features of a FD are as below:

*Premature closure penalty of 1 % on interest shall apply . Please contact your branch manager for further details.