Fixed Deposit is a way to save money and is the best investment instrument used by many worldwide. It's a convenient and easy way to see your little savings grow. Depositors can deposit their partial savings or income in a Fixed Deposit. Let your investment grow over a period of time, earning an attractive interest rate compared to your savings account. Added convenience - Fixed Deposits can be booked on your phone, and no branch visits are required.

Unique Features:

• The minimum amount required to be deposited in a Fixed Deposit is Rs.10,000/-
• Fixed Deposits can be opened by Resident Indians
• Fixed Deposits can be booked through online internet banking and mobile banking application (SoL India-download on App Store and iOS)
• Attractive rate of interest for short-term and long-term investments
• Easy to transfer from existing CASA accounts
• Knowing the exact maturity amount can help you plan for your future requirements

Terms & Conditions:

• TDS shall be applicable as per Income Tax Rules
• Bulk Fixed Deposits of INR 40 Crores and above will be charged a penal interest rate of 1% on Partial / Premature withdrawals and closure before maturity date w.e.f.10th July 2023.

Fixed Deposits & Recurring Deposits Interest Rates

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