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FIXED DEPOSIT
We are providing fixed deposit facility for you to deposit your money with assurance. A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.Term deposits are the most familiar type of investment with paying interest. They are a savings product from a bank, credit union or building society. Here your money is invested for a fixed term and you get a fixed rate of interest over that term.
RECURRING DEPOSIT
Deposit offered by our company in India which help we offer deposit for people with regular incomes to deposit a fixed amount every month into their recurring deposit account. Tax Deducted at Source ( TDS ) is applicable on RDs. If interest earned on recurring deposits exceeds Rs. 10,000 a year, TDS at the rate of 10 per cent would be deducted by the bank. Income tax is to be paid on interest earned from a Recurring Deposit at the rate of tax slab of the RD holder
SAVINGS DEPOSIT
Savings accounts are opened to encourage the people to save money as it allows the holder to deposit money. The holder can earn interest and allows to withdraw money from the account as and when required. A Savings account can be opened either jointly or individually and requires the holder to maintain a per-specified amount as minimum balance.
- Fixed Deposit
- Recurring Deposit
- Savings Deposit