"Fixed Deposit" is a money deposit that cannot be withdrawn for a certain "term" or period of time (unless a penalty is paid). When the term is over it can be withdrawn or it can be held for another term.
Interest Rate for Local Currency (payable quarterly)
| Fixed Deposit | Interest Rate | ||
| Upto 1 Year | 12% | ||
| Above 1 Year to 2 Years | 11% | ||
| Above 2 Years | 9% | ||
| Negotiable for Bulk and Institutional FD | |||
