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Fixed Deposit

The need for saving for future is an inevitable requirement in life.

You may not know when life takes a twist raising demand for a lump sum.

Most people opt a retirement plan or insurance or share market as an investment, but are they safe and guaranteed 100% ROI?

Usually, such financial investments are all subjected to market risks which means when there is a fluctuation in the market stability, you could lose your money.

So what is a safer long-term investment? The answer is quite simple. Chose a Fixed deposit plan. Besides, why go far when you have your bank at the stretch of your hand?

Fixed deposits are the easy and assured investment by which you can sit back and relax while your money is at work. FD is a financial investment in which a sum is deposited for a said period of time, that pays a fixed rate of interest until a given maturity date.

One of the notable difference between FD and other accounts is the high rate of interests.

Benefits:

  • It encourages a savings habit as the money deposited is locked in for a set time period unless you make a premature withdrawal.
  • Investing in an FD earns you a higher interest rate than depositing your money in a savings account. We have attractive Fixed Deposit Interest Rate.
  • Interest is payable at maturity – annually or monthly depending on the term you chose or you could use the money to buy assets if you want.
  • Flexible maturity period is also an advantage. You could choose from less than 6 months to approximately 10 years.
  • FD acts as a fallback account for emergencies of any kind or savings for future.
  • You get to choose how long you want to invest your money in a fixed deposit account ranging from 30 days to ten years.
  • Opening a fixed deposit account is both quick and easy.
  • You can choose to have more than one fixed deposit account as per your requirements.
  • You could raise a loan against your FD for up to 90% of the invested amount.
  • It is also completely safe and returns on investment is 100% assured.

It is important to note that you could withdraw your amount any day but you will not receive the accumulated interests in case you withdraw your money before the maturity date. Contact Us for more details on CACHS FD Terms.

Terms

  • Monthly / Quarterly interest payment option is available.
  • Interest can be credited to the accounts with any bank at FREE of Charge.
  • No TDS on interest upto Rs.40,000 p.a.
  • Pre closure of Term Deposit is allowed only after completion of 3 months.
    • No interest will be paid if preclosure is demanded before 6 months.
    • For pre closure of deposits after 6 months, interest for the deposit will be equal to the rate applicable for the period remained with us less 2%.
    • Nomination facility is available for all Deposit accounts.
    • For Further details, contact us

    Features of Fixed Deposit

                  TENURE

        FOR  PUBLIC

    FOR SENIOR CITIZEN (55 yrs)

    3 Months to < 6 Months

             8.00 % p.a                 

               8.50 % p.a

    6 Months to < 1 Year           

             8.50 % p.a

               9.00 % p.a

    1 Year to < 2 Years               

                 9.50 % p.a              

             10.50 % p.a                                     

    2 Years to < 3 Years

               10.50 % p.a

              11.00 % p.a

    3 Years to < 5 Years

                11.00 % p.a

              11.50 % p.a

Daily Deposit

 Features & Benefits

  • A unique savings scheme wherein, the daily income earners can park their surplus funds.
  • An authorized agent of the Bank collects the daily deposits from the customer’s doorstep.

*   An ideal product for those who are into business/self-employment.

 *    Maturity in 12 months. Premature closure with applicable penal cuts possible.

  • Loan facility is available for Daily deposit Scheme against the amount present in your deposit account, subject to terms and  conditions.

*  Nomination Facility available  

Period of Deposit

12 Months

Interest Payment

Quarterly Compounded Interest payable on maturity

Maximum Amount of Deposit

No Limit

Minimum Amount of Deposit

Rs. 50/-

Premature Withdrawal

Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.

Additional Interest Rate for Senior Citizen

Not Applicable

RECURRING DEPOSIT

A Recurring Deposit, commonly known as RD, is a unique term-deposit. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment.  Due to the regular deposit factor and an interest component, it often provides flexibility and ease of investments to users/individuals.

However, it is essential to know that RDs are different from Fixed Deposits/FDs . RDs are flexible in most aspects. An RD account holder can choose to invest a fixed amount each month while earning decent interest on the amount. RDs are an ideal saving-cum-investment instrument.

Most major banks in India offer Recurring Deposit Accounts, with a term that often ranges between 6 months  to 10 years, also providing individuals with the opportunity to choose a term according to their needs. However, the interest rate, once determined, does not change during the tenure; and on maturity, the individual will be paid a lumpsum amount which includes the regular investments as well as the interest earned.

Features of a Recurring Deposit Account

  • Recurring Deposit schemes aim at inculcating a regular habit of saving in people
  • The minimum amount for deposits often varies from one bank to another. You could invest with an amount as small as Rs. 100.
  • The minimum period of deposit is six months, while the maximum period of a deposit is 5 years
  • The rate of interest is equivalent to that offered for a Fixed Deposit. Therefore, the interest rates are higher than Savings Account.
  • Premature withdrawals are However, depending on the bank, they may allow you to close your account before the maturity period on certain conditions.
  • A Recurring Deposit can be funded periodically through Standing Instructions that are usually instructions given by the customer to the bank, to credit the RD accountevery month from his/her Savings or Current Account.

  • GOLD LOAN

With attractive schemes, easy repayment options and lowest interest rates we provide you liquidity for your gold and gold ornaments without having to sell them.

  • Avail maximum value for your gold, upto 90% of the value
  • Competitive interest rate; Interest starting @ just 1% per month Special schemes including business loan,
    hi‐tech farming loan
  • No documentation charge, No processing charge, No appraisal charge
  • Flexible repayment including interest servicing schemes and EMI schemes of flexible tenure
  • Minimal documentation and quick disbursal
  • Special schemes including high loan-tovalue (LTV) business loan, Hi-Tech farming loan
  • Maximum tenure of one year

SILVER LOANS

With attractive schemes, easy repayment options and lowest interest rates we provide you liquidity for your gold and gold ornaments without having to sell them.

  • Avail maximum value for your gold, upto 90% of the value
  • Competitive interest rate; Interest starting @ just 1% per month Special schemes including business loan,
    hi‐tech farming loan
  • No documentation charge, No processing charge, No appraisal charge
  • Flexible repayment including interest servicing schemes and EMI schemes of flexible tenure
  • Minimal documentation and quick disbursal
  • Special schemes including high loan-tovalue (LTV) business loan, Hi-Tech farming loan
  • Maximum tenure of 6 Months