Fixed Deposit. These corporate or company fixed deposit schemes are backed by higher FD (as compared to bank FD rates) interest rates. Top 10 1-year FDs for 2020; Bank Regular FD Rates (per annum) Senior Citizen FD Rates (per annum) ESAF Small Finance Bank: 7.00%: 7.50%: Fixed Deposit (FD)- HDFC offers a wide range of FD schemes at a competitive interest rates with attractive and assured returns. The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. Recurring Deposit. The money is locked for a certain period of time and over that time frame, the account provider (that is the … Given below is the updated list of 10 banks that pay the highest interest on fixed deposit schemes. A Fixed Deposit Money Double Scheme is basically a fixed deposit or term deposit scheme wherein you invest a certain amount of money. Shriram City's fixed deposits scheme offers flexible tenure options starting from 12 months to 60 months. Fixed deposit accounts are an excellent means to grow your money over a period of time. You can choose the duration and the amount based on your needs and financial goals. Documents Required for Senior Citizen Fixed Deposit Scheme. Usually, the deposit term for recurring deposits varies from 6 months - 10 years. Interest rates on fixed deposit schemes are generally higher than the interest on savings accounts. How much can you earn per month? Get all the details on Bank Fixed Deposits in India, List of Banks for Fixed Deposits, Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes and Bank Fixed Deposits 2020 Visit us at HDFC to know more benefits. Last Updated on December 2020. Generally, fixed deposit schemes are offered for 7 days - 10 years. In case of any investor is interested to invest in senior citizen fixed deposit scheme the following documents will be required: Recent passport-sized photographs. Assuming that you deposit the maximum allowed for this scheme, interest you will be earning is: Interest income per month = (8% of 7.5 lakhs)/12 = (INR 60,000)/12 = INR 5,000 Benefits of Fixed Deposit. Copy of age proof substantiating that the age of the investor is more than 60 years. If you have a big event planned in five years, then you can select the 60-months deposit … Corporate Fixed Deposits or Company Fixed Deposits are saving cum investment tools offered by Non-Banking Financial Companies or NBFCs. For example, PAN card, Aadhar card, etc. For Retail Term Deposits above Rs 5.00 lacs but below Rs 1 crore, applicable penalty will be 1% (all tenors). Term. 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