Features of Fixed Deposit
No limit for maximum deposit amount
No age limit
ROI between 6% to 8%
Product
1 )Benefits
- Simple investment product which offers safety and flexibility.
- Minimum period of deposit: 30 days
- limit for Maximum period of deposit is 60 Months.
- Minimum Amount of deposit is Rs.1000.
- No limit for maximum deposit amount.
- Option of premature withdrawal in case of any urgent funds is available.
2) Rate of Interest
A) SHORT TERMS :-
30 Days To 180 Days – 6 .00%
181 Days To 24 Months – 7.00%
B) LONG TERMS :-
25 Months To 35 Months – 7.25%
36 Months To 60 Months – 8.00%
3 ) Eligibility
- Any individual who is resident of India.
- No age limit.
4) Documentation & Security
- Identity Proof of depositor.
- Address proof of depositor.
- In case of minor, guardian’s documents & signature is required.
5)Pledging Of Deposit
- Pledging of deposit is 80% of FD amount.