A Term Deposit is a fixed-term investment that includes the deposit of money into an account at a financial institution. Term deposit investments usually carry the term maturities ranging from one month to a few years and will have varying levels of required minimum deposits.
The investor must understand when buying a term deposit that they can withdraw their funds only after the term ends. In some cases, the account holder may allow the investor early termination—or withdrawal—if they give several days notification.
Interest Rates :-
| Duration | Interest Rate(P.A)(w.e.f-21-01-2021) |
| 15 Days to 30 Days | 4.00 |
| 31 Days to 45 Days |
5.75 |
| 46 Days to 89 Days | 6.00 |
| 90 Days to 179 Days | 6.50 |
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