The fixed deposit linked with savings account comes up with two options:

1) Traditional fixed deposit:

For fixed deposit with tenure below 1 quarter (3 months), interest is calculated on the basis of the actual number of days considering the year as 365 days.

For fixed deposit with tenure greater than 1 quarter, interest for the quarter is calculated considering each quarter as 90 days and a year as 360 days (90 days x 4 quarters).

Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.

2) Reinvestment fixed deposit:

Interest for each completed quarter is calculated considering each quarter as 90 days and year as 360 days (90 days x 4 quarters).

Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days. Interest for each quarter is compounded.