A deposit facility with monthly or quarterly pay outs. This is one ideal deposit scheme for those who wish to earn and withdraw a specfic amount periodicallly.
Min and Max Amount : An FD can be created with a minimum amount of Rs.1000/-. There is no actual limit for the maximum amount of investment in FD.
ROI : ROI for FD depends upon the tenure of the FD. Usually it is always greater than the savings account ROI.
Tenure : FD can be created for a Minimum tenure of 12 Months and Maximum tenure of 120 months.
Availibility : FD can be created at any TBSB branch.
If you wish to create an FD and start the process online, you can also fill up this form and we will connect with you for further details.
Eligibility : Every Indian resident can create FD with TBSB.
Minimum age for an individual to create an FD is 18 Years.
Any Minor account holder can also create FD, jointly with an Adult.
HUF, Businesses, Trust and other entities can also create FD with TBSB.
Nomination : Nomination facility is available for every deposit created with us. We suggest to have a nomination for every deposit created with TBSB.
Secured under Insurance : Every deposit created with TBSB is insured and secured with Deposit Insurance and Credit Guarantee Corporation (DICGC) which is a wholly owned subsidiary of the RBI.
Special benefit :Deposit holder can choose to have monthly or quarterly payout of the earned interest.
It makes it easy for the people to withdraw money earned from the interest on the FD.
Loan facility can be availed by the deposit holders, which helps them to leverage financially and pay back with ease.
Loan facility : FD holder can avail loan facility on the deposit at affordable rates.
TDS : TDS is applied to the interest on deposit account.
Premature Withdrawal : Premature withdrawal of the FD is allowed but it attracts penal interest. We suggest, unless extremly essential, any deposit should not be withdrawn prematurely.
Show case financial planning based on Goals :
A great way to earn from your own money.
With an option for quarterly or even monthly pay out of interest, you can easily withdraw accumulated interest for the period. This is one superb way for those who have specific requirement of money every month.
Suppose your interest income from FD is Rs.10,000 per month and your requirement is Rs.8,000/month, then you can easily fulfill your monthly expense requirement with FD interest. Additionally, you can also create an RD with the excess Rs. 2,000.
QUICK APPLY
Do you want to get our quality service for your business?
