A fixed deposit account which is also known as term deposit account is one which receives a higher rate of interest than a regular savings account, until a specified maturity date. Your money is in safe hands when you open a fixed deposit account with us.
Fixed Deposit Account
Eligibility
- Individual
- On behalf of minors
- Corporations
- Business entities
- NGOs
- Associations
Requirement
- Savings account/Current Account
- Fixed Deposit form
- Letter from concerned authority if its corporate FD
Benefits
- Enjoy the FD interest rate on the bulk deposit
- On maturity, the amount will be directly credited to savings account/current account
- Availability of certain portion of interest on premature withdrawal
Fixed Deposit + Account
Eligibility
- Corporations
- Individual
- On behalf of minors
Requirement
- Savings account
- Fixed deposit form
Benefits
- Multiple option of receiving interest (monthly, quarterly, half yearly or yearly)
- Corporations can receive interest yearly only
- FD + should be opened for a minimum of 3 years
- Interest will be credited to savings account
- Enjoy tax benefits on yearly interest income
- Re-invest the interest received from FD+ for better returns.