Highest Fixed Deposit Interest Rates (8.90%) - PowerPoint PPT Presentation

Title: Highest Fixed Deposit Interest Rates (8.90%)


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FIXED DEPOSIT
Interest up to 8.40 P.A.
Additional 0.50 P.A. for Senior Citizens
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What is fixed deposit?
Fixed deposit is the most secured saving option
that lets you grow your money with assured
returns. These assured return enables you to
invest for a better and secured future by
offering guaranteed high returns along with
safety of principle amount
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Features of Fixed Deposit Scheme
Higher Returns on Investment (8.40) additional
0.50 for senior citizens
Flexible Tenure
Flexible Pay-outs
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Types of Fixed Deposits
Cumulative
In a cumulative fixed deposit, the interest
earned will get compounded along with the
principal for the invested tenure. The interest
will not be payable in instalments
Non-Cumulative
In this type, the interest is payable in monthly,
quarterly, half-yearly, or annual instalments. It
is suitable for individuals or pensioners who are
looking for a income at regular intervals.
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Documents Required
1. ID Proof 2. Address Proof 3. Photographs 4.
Cancelled Cheque Leaf 5. Other than the above
documents, for HUF, trusts, and other entities.
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Advantages of a Fixed Deposit
1.Encourages you to save your money. 2.Assured
returns on your invested capital. 3.Saves your
taxes. 4.Useful in a cash crunch. 5.Offers
flexibility in both invested amount and
tenure. 6.Maintaining cash flow.
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Thank you
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