FEATURES OF FIXED DEPOSIT
No limit for maximum amount
No age limit
Upto 11 %
1️⃣ ASPECTS
- Minimum period of deposit: 90 days
- No limit for Maximum period of deposit.
- No limit for maximum deposit amount.
- Minimum Amount of deposit is Rs.1000.
- Option of premature/partial withdrawal in case of any urgent funds’ requirement without penalty.
2️⃣ RATE OF INTEREST
- 3 months to 1 year deposits: up to 8%
- Deposits over 1 year: 10%
- Deposits over 3 year: 11%
3️⃣ ELIGIBILTY
- Any individual who is resident of India.
- No age limit.
4️⃣ DOCUMENT REQUIRED
- Identity Proof of depositor.
- Address proof of depositor.
- In case of minor, guardian’s documents & signature is required.
5️⃣ PLEDGING OF DEPOSIT
- Pledging of deposit is 80% of FD amount.