Fixed Deposit,
A fixed deposit, often known as an FD, is an investment tool that banks and non-banking financial institutions (NBFI) provide to their clients in order to aid in their ability to save money. You can put a sizable sum of money in an FD account for a set period of time at a predefined rate of interest. You receive a lump payment at the conclusion of the term combined with the interest, which is a wise financial strategy. Different interest rates are offered by banks for fixed deposit accounts.
A fixed deposit can be made for a duration of no less than 7 days and no more than 10 years. Due to this, an FD is occasionally referred to as a term deposit. It is guaranteed when you open a fixed deposit account at a specified interest rate because the rate of interest never changes as a result of market fluctuations.
Depending on your preference, the interest you earn is either paid at maturity or on a recurring basis. You are not permitted to take the money out until it matures. You must incur a fee if you choose to.
| FD SCHEME CHART |
| Deposit Amount |
Payment After
6-Month (7%) |
Payment After
1-Year (7.5%) |
Payment After
2-Year (8%) |
Payment After
3-Year (8.5%) |
Payment After
4-Year (9.5%) |
Payment After
5-Year (10.5%) |
| 1000 |
1035 |
1075 |
1166 |
1277 |
1436 |
1647 |
| 5000 |
5175 |
5375 |
5832 |
6385 |
7180 |
8235 |
| 10000 |
10350 |
10750 |
11664 |
12770 |
14360 |
16470 |
| 15000 |
15525 |
16125 |
17496 |
19155 |
21540 |
24705 |
| 20000 |
20700 |
21500 |
23328 |
25540 |
28720 |
32940 |
| 25000 |
25875 |
26875 |
29160 |
31925 |
35900 |
41175 |
| 50000 |
51750 |
53750 |
58320 |
63850 |
71800 |
82350 |
| 100000 |
103500 |
107500 |
116640 |
127700 |
143600 |
164700 |
| 500000 |
517500 |
537500 |
583200 |
638500 |
718000 |
823500 |
GENERAL TERMS & CONDITION
- The monthly installments of recurring deposit scheme have to paid every month regularly on the day of deposit date in a given monthly the 15 days grace period will be provide without any additional charges and penalties.
- The additional charges of 10% will have to be paid on the payable installments amount along with the interest @ 1.5% on the unpaid monthly installment amount for this non-payment of installment in the 2nd month the interest levies and charges will be calculated the accumulated unpaid installment amount dues along with the interest payable lives and other charges.
- The similarly for the subsequent unpaid monthly installment the amount will be calculated on the unpaid accumulated payable dues towards the recurring monthly scheme If the monthly installment of 5 are unpaid then the RD will be treated lapsed and the deposited installment amount as per term and condition will be paid only completion of the recurring deposit scheme period
- The lapsed RD policy can be again revived/ commenced on the payment of all the interest and charges accumulated as mentioned above along with the additional charges of rs100 ( rupees one hundred only)
- That the one completion RD scheme the payable amount will paid on completion of 30 days in the account of RD scheme holder only.
- The RD scheme holder have to pay the minimum 3 intallment is mandatory.
- All the terms & condition as referred above in the general terms and condition will also be applicable in the RD scheme