Fixed Deposit

Corporates can invest their surplus funds in fixed deposits for a wide range of tenures. The minimum deposit amount is Rs.10,000. Other features of the account are:

  • Funding through a debit to the operative account/cheque for clearing
  • While interest is compounded quarterly, payment of interest is quarterly, monthly or on maturity
  • Interest payouts can be through credit to your account or through banker's cheque

Benefits

  • Wide range of tenures
  • Choice of investment plans
  • Partial withdrawal permitted
  • Availability of auto-renewal facility