Fixed Deposit Account (FD)
A fixed amount is deposited for a fixed period of time and generally withdrawable both the principal and interest on maturity.
The interest provided depends on the duration for which the client is opening the FD account.
A fixed amount is deposited for a fixed period of time and generally withdrawable both the principal and interest on maturity.
The interest provided depends on the duration for which the client is opening the FD account.
Tenure | Minimum Amount |
---|---|
Minimum 91 days | Minimum amount = 10,000 |
Maximum 10 years | Maximum amount = No limit |
Here are the interest rates based on the duration:
Minimum Term: > 1 Year
SL.NO | Time Period | Rate (p.a) |
---|---|---|
1 | > 1 Year <= 2 Years | 6.50% |
2 | > 2 Year <= 3 Years | 7.25% |
3 | > 3 Years <= 4 Years | 7.50% |
4 | > 4 Years <= 5 Years | 7.75% |
5 | > 5 years <= 6 Years | 7.75% |
6 | > 6 Years <= 7 Years | 8.00% |
7 | > 7 Years <= 8 Years | 8.25% |
8 | > 8 Years <= 9 Years | 8.25% |
9 | > 9 Years <= 10 Years | 8.50% |
10 | > 10 Years | 9.00% |