(FD) On Deposit of Rs. 10000/-
| Period |
Rate Of Interest |
Maturity Amount |
| 12 Month |
10.00% |
11038/- |
| 24 Month |
10.50% |
12303/- |
| 36 Month |
11.00% |
13848/- |
| 48 Month |
11.50% |
15738/- |
| 60 Month |
12.00% |
18061/- |
Terms & Conditions:-
- Minimum FD would be of Rs.1,000 and further in multiple of Rs.100
- Interest calculation Quarterly compound.
- Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.
- Loan available against deposit up to 60% of deposited amount after one month from the date of deposit.
- Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.
- Rate of Interest for Senior Citizen/Armed forces/Women shall be 0.25 higher then normal prevailing interest rate.
Pre Mature Closure Of Deposits:-
Fore closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.