Fixed Deposit

Introduction

"Fixed Deposit" is a money deposit that cannot be withdrawn for a certain "term" or period of time (unless a penalty is paid). When the term is over it can be withdrawn or it can be held for another term.
Interest Rate for Local Currency (payable quarterly)
 
Fixed Deposit Interest Rate
 Upto 6 Months 10.50%
 1 Year and above 11.00%
 2 Years 10.00%
Negotiable for Bulk and Institutional FD

 



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