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Fixed Deposit Plan
A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
(On Deposit of Rs. 10000/-)
| Period |
Rate of Interest |
Maturity Amount |
| 12 Months |
10.00% |
11100/- |
| 24 Months |
10.25% |
12050/- |
| 36 Months |
10.50% |
13150/- |
| 48 Months |
10.75% |
14300/- |
Terms & Conditions:-
- Minimum FD would be of Rs.1,000 and further in multiple of Rs.1,000
- Interest calculation yearly compound.
- No TDS Deducted on interest. Paid by Maharsha on Deposit.
- Loan available against deposit up to 50% of deposited amount after six months from the date of deposit.
Pre-maturity details
Pre-maturity not allowed for 24 months. In this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c's rate of interest.
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