Mumbai: Fixed deposits often termed as Term deposits are a low risk savings option which earn a fixed income in the form of interest. They can be opted based on desired investment horizon ranging from 7 days to as long as 9-10 years.
Note: Initial deposit amount is considered at Rs.10,000.
Premature withdrawal may be charged by certain banks. Alternatively, loan is granted by certain banks against the deposit maintained in the fixed deposit account. Also, interest rates may be subject to change without prior notice. Get in touch with respective banks for further details.
