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