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Cumulative Deposit

Cumulative Deposit

Cumulative Deposit

  • One of the safest investment options available.
  • You can gain a higher rate of interest than on a regular savings deposit account.
  • Interest is compounded at quarterly rests per annum payable on maturity.
  • Deposits  can be closed prematurely in case of emergency *
  • As per Income Tax ACT 1961 interest earning on your FD up to Rs.5000/- is exempted.

 

  • Loan Against FD available up to 75 % of the deposit amount*
  • Deposit schemes are rated by CRISIL is “FA+/Stable”
  • Deposits are accepted as regulated by RBI on time to time.

*conditions as specified in the Deposit Application form 

Schemes

CD

Period

Flat rate

Maturity Value

(for Rs. 1000/-)

36 months

7.50%

Rs. 1250/-(8.32%)

60 months

7.50%

Rs. 1450/-(8.99%)

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