A fixed deposit (FD) scheme is the right option for those who wish to invest their money and get periodical income by way of interest. You can opt for monthly, half-yearly, quarterly or yearly interest payments.

o Minimum deposit amount for Fixed deposit is just Rs. 10000/-
o Interest can be withdrawn on specific frequencies as either monthly or quarterly or annually
o Nomination facility is available
o You can get loan against fixed deposits up to 85% of deposit .

For 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.