A Fixed Deposit account is a type of account that offers a fixed and guaranteed rate of return on your investment.
Benefits of Fixed Deposits:
Fixed Deposit Scheme
(On Deposit of more than Rs 5,000/-)
PERIOD |
RATE OF INTEREST (General Category) |
RATE OF INTEREST (Senior Citizens) |
---|---|---|
12 Months | 10.50% | 11.00% |
24 Months | 11.00% | 11.50% |
36 Months | 11.25% | 11.75% |
48 Months | 11.50% | 12.00% |
60 Months | 12.00% | 12.50% |