F.D Calculation
( on the deposit of Rs. 5000 )
| Basic Ammount | Tenure | Rate of Interest | Maturity Ammount |
|---|---|---|---|
| 5000 | 12 Month | 10% | 5500 |
| 5000 | 24 Month | 10.50% | 6105 |
| 5000 | 36 Month | 11% | 6838 |
| 5000 | 48 Month | 11.50% | 7728 |
| 5000 | 60 Month | 12% | 8811 |
Terms & Condition :
1.) Minimum FD Amount Would Be Rs 1000 and in Multiples of Rs 1000.
2.) Interest Calculation is on a yearly Compounding basis.
3.) TDS will be applicable on the interest amount.
4.) Loans are available against the deposits up to 70% of deposited amount after one month from the date of deposit.
5.) Rate of interest will be 7% higher on loan against FD than applicable rate of interest on the deposit.
6.) An FD will be allowed to premature only after 3 month from the date of deposit. That is there is no pre maturity in the first 3 month from the date of deposit.
7.) If an FD premature after 3 month and before 6 month no interest will be paid and the principal amount will be returned to the depositor/ member.
8.) Prematurity after 6 month and before 60 months will attract a reduction of 2% in the applicable interest rate.
9.) In case of death of the member the nominee will be paid the principal & interest at which it was accepted.