Fixed Deposit Monthly

Individuals (Single or jointly), Minor By Guardian, Institutions, Co-op Societies, HUF can place deposit.
Monthly Interest by Pay order/ Credit to Account
Period of Deposit is Minimum 1 year.
Minimum amount of Deposit –Rs 1000/ And Maximum Amount of Deposit “No Limit”.
Interest Calculation is based on Monthly Discounting Method .
Premature withdrawal of Deposit is allowed with penalty of 1% in current interest rate.
For Senior citizen / Bulk Deposit holders (more than 15lakhs) additional Interest rate is Applicable.
Pledging of Deposit is with additional 2% Interest Rate.
Interest can be credited to Saving account or Pay Order
Interest payable on the deposit is subject to directives of RBI from time to time .
DICGC insurance covered Deposit up to Rs. 100000/-
Documents Required as per KYC rules.