Fixed Deposit

"Fixed Deposit" is a money deposit that cannot be withdrawn for a certain "term" or period of time (unless a penalty is paid). When the term is over it can be withdrawn or it can be held for another term.

Products	Type	Existing Rate	Interest Payment Mode
6 months and above less than 1 year	Institutional	6.50%	Quarterly Payment
6 months and above less than 1 year	Individual	7.50%	Quarterly Payment
1 Year and above less than 2 years	Institutional	7.50%	Quarterly Payment
1 Year and above less than 2 years	Individual	8.50%	Quarterly Payment
2 years and above less than 5 years	Institutional	8.00%	Quarterly Payment
2 years and above less than 5 years	Individual	9.00%	Quarterly Payment
5 years and above less than 8 years	Institutional	9.00%	Quarterly Payment
5 years and above less than 8 years	Individual	9.50%	Quarterly Payment
8 years and above	Institutional	9.50%	Quarterly Payment
8 years and above	Individual	10.00%	Quarterly Payment

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