Fixed Deposit
Fixed Deposit account allows you to build up your savings
A fixed deposit (FD) is a financial instrument provided by ISSM bank which provides investors with a higher rate of interest than a regular savings account, until the given maturity date.
Who can open an account?
Individuals and Membership not mandatory. Two or More individuals in their joint names Minors represented by the natural guardians. Proprietory concerns/ partnership firms/companies. Associations or any body corporates. Hindu Undivided Families and Trusts.
Types Of Fixed Deposit
Fixed Deposit account allows you to build up your savings.
Duration
7 to 90 Days 91 to 179 Days 180 to 364 Days 1 to 3 Years 3 to 5 Years 5 year & above Daily Deposit Scheme SB / SBM / SBC For Senior Citizens on 1 Year or above duration
Rate of Interest
4.25% 5% 6.25% 8% 8.25% 8.75% 2.50% 4.00% 0.50%
On the deposit of 15, 00,000 or more will provide increment in interest by 0.50%.
Duration
1 to 3 Years Up to 3 Year and more
Rate of Interest
8.00% 8.25%
Senior citizen benefited by the increment of 0.50% interest rate on the deposit of more than one year.