A Fixed Deposit is useful for the feature benefits. A Fixed Deposit offers guaranteed returns, if you choose an FD with a Re-Investment option, you will benefit from compound interest. Society will not deduct any tax. This provides comfort to deposit holders. The interest rate on a Fixed Deposit varies depending on the term you choose. The interest you earn on the Fixed Deposit depends on the maturity period of the FD with a higher period, you earn a higher interest.
# | Deposit Period | General Int Rate | Sr. Citizens & Womens |
---|---|---|---|
1 | 12 Months | 9.5% | 10.0% |
2 | 24 Months | 10.0% | 10.5% |
3 | 36 Months | 10.5% | 11.0% |
4 | 48 Months | 10.5% | 11.0% |
5 | 60 Months | 11.0% | 12.0% |
6 | 72 Months | 11.0% | 12.0% |
7 | 78 Months | 11.0% | 12.0% |