Know About Fixed Deposit
A Fixed Deposit (FD) is a financial investment where individuals deposit a lump sum amount with a bank or financial institution for a predetermined tenure at a fixed interest rate. It offers guaranteed returns and is considered a safe investment option, suitable for conservative investors seeking stable income.
- For 180 Days: 7% P.A. Compounded Quarterly
- Above 180 Days But Less Than 1 Years: 8% P.A. Compounded Quarterly
- 1 Years & Above but Less Than 2 Years: 10% P.A. Compounded Quarterly
- 2 Years & Above but Less Than 3 Years: 11% P.A. Compounded Quarterly
- 3 Years & Above: 12% P.A. Compounded Quarterly
- Double Your Money Scheme: Minimum amount acceptable Rs. 25,000/- or further in multiples of Rs. 5,000/- each to be doubled in 71 months.
