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.
# | FIXED DEPOSIT | ON MATURITY | PERIOD |
---|---|---|---|
1 | 5,000.00 | 10,000.00 | 70 Months |
2 | 10,000.00 | 20,000.00 | 70 Months |
3 | 20,000.00 | 40,000.00 | 70 Months |
4 | 50,000.00 | 1,00,000.00 | 70 Months |
5 | 1,00,000.00 | 2,00,000.00 | 70 Months |
6 | 3,00,000.00 | 6,00,000.00 | 70 Months |
7 | 5,00,000.00 | 10,00,000.00 | 70 Months |
8 | 10,00,000.00 | 20,00,000.00 | 70 Months |
9 | 50,00,000.00 | 1,00,00,000.00 | 70 Months |