FIXED DEPOSIT SCHEMES

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 Fixed Deposit account is opened by that individual who wants to save for certain period of time and can earn good rate of interest.” 

In Fixed deposit a member can deposit of minimum of Rs 1000/- or in multiple of Rs 1000/- is accepted for a specified period ( two year to seven year ) and the total amount is repaid with interest at the end of the particular period. 

• Minimum amount that can be Fixed deposited is Rs 1000/-.
• The period of deposit is minimum two year and maximum seven year.
• The rate of interest is 8.00% to 9.00% p.a