A Fixed Deposit account is an interest-bearing account, where a fixed amount is held at fixed interest rate and is repayable (principal/interest) at a fixed future date as agreed at the time of placement of the Deposits.
An investment alternative, which is safe and allows funds to be placed for a fixed period with interest rate guaranteed for that period.
Interest bearing account
Earn interest on your deposits.
Automatic renewal or disposal
Automatic renewal or disposal of principal and interest as per the instruction of the customer.