What is a fixed deposit? A fixed deposit account allows you to deposit your money for a set period of time, thereby earning you a higher rate of interest in return. Fixed deposits also give you a higher rate of interest than a savings bank account.Who can apply for a fixed deposit account?Individuals and organizations with the intention of retaining their savings for a fixed period for some future use. What are the benefits of a Fixed Deposit?The option to withdraw the deposit at any time before maturity without any difficultyYou can avail loans upto 90% of the principalVariable deposit periods ranging from 6 months to 120 monthsYou get interest once in 6 monthsWhat is the minimum amount I can deposit? The minimum deposit amount is Rs. 1,000/- Deposits can be made in multiples of Rs. 100/-.While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.