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Fixed Deposit

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Fixed Deposit
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Fixed deposit is available with various tenures which the members can choose as per their requirement. Attractive FD interest rates are offers based on tenure of your fixed deposit.

Have a look at the FD interest rates for different tenures

(On Deposit of Rs. 100000/-)

# Period Rate of Interest Maturity Amount
1 12 Months 9.50% 1,09,500/-
2 24 Months 10.50% 1,22,102/-
3 36 Months 11.50% 1,38,619/-
4 48 Months 12.00% 1,57,351/-
5 60 Months 12.50% 1,80,203/-
Pre Mature Closure Of Deposits

Foreclosure of deposits will not be permitted until completion of 6 months from the date of deposits. Deposits foreclosed after 3 months but before 6 months from the date of deposits no Interest will be paid.

Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of simple interest for the period of deposit.

Terms & Conditions
  • 1. Minimum FD would be of Rs.1,000 and further in multiple of Rs.1,000
  • 2. Interest calculation annually compound.
  • 3. No TDS deducted on interest. Paid by SVS Bhagya Nidhi Ltd. on Deposit.
  • 4. Loan available against deposit up to 70% of deposited amount after one month from the date of deposit
  • 5. Rate of Interest on loan against FD would be 6% higher than applicable rate of interest to your deposit.
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