♦ Minimum Amount - FDs can be opened with a minimum amount of Rs. 1000
♦ Insured under DICGC - The amount invested is insured to the extent of Rs. 5L
♦ Flexible interest payout - Flexible interest payout on monthly/quarterly/half yearly or on maturity
♦ FDs can be opened for a minimum period 15 days.
♦ Interest on FDs is paid out as per the customer choice i.e., monthly, quarterly, ½ yrly or on Maturity.
♦ NO pre-closure penalty is applied if the customer is reinvesting in different schemes in the bank.
♦ FD are instruments with fixed returns with less risk compared to mutual fund, gold etc
♦ Senior Citizen gets an additional benefit of 0.5% interest over the rate offered to regular citizens.