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Ab Creation 8830642908

This document discusses various types of term deposits including fixed deposits, recurring deposits, and savings deposits. It provides the interest rates offered for different term lengths on fixed and recurring deposits for individual and senior citizen customers as of January 7, 2023. Recurring deposits allow customers to deposit a fixed sum monthly for a predetermined period of 12 months or more and earn interest on the total capital invested.

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Akshat Vikmani
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36 views7 pages

Ab Creation 8830642908

This document discusses various types of term deposits including fixed deposits, recurring deposits, and savings deposits. It provides the interest rates offered for different term lengths on fixed and recurring deposits for individual and senior citizen customers as of January 7, 2023. Recurring deposits allow customers to deposit a fixed sum monthly for a predetermined period of 12 months or more and earn interest on the total capital invested.

Uploaded by

Akshat Vikmani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Presented By –

Anil Annasaheb Gadade


INTRODUCTION
• What is Term Deposit ?
• Types of Term Deposit.
• Types of Deposit.
• What is Recurring Deposit?
RECURRING
DEPOSIT

FIXED
DEPOSIT
TERM
DEPOSIT

FIXED DEPOSIT = A fixed deposit (FD) is a financial instrument provided by


banks or NBFCs which provides investors a higher rate of interest than a regular
savings account, until the given maturity date.
TYPES OF DEPOSIT

SANKALP
FIXED SIDDHI
DEPOSIT (FD) DEPOSIT (SSD)

MONTHLY
INTEREST
PAYABLE (MIP)

QUATERLY
INTREST
PAYABLE (QIP)
PARTICULAR INDIVIDUAL ROI SENIOR CITIZEN ROI

30 days to 45 days 3.00% 3.25%


46 days to 90 days 3.50% 3.75%
91 days to 180 days 4.00% 4.25%
181 days to less than 12 months 4.50% 4.75%
12 months to less than 15 5.50% 5.75%
months
15 months to less than 24 7.00% 7.25%
months
24 months to less than 36 7.50% 7.75%
months
36 months only 7.25% 7.50%
37 months & above 5.50% 5.75%

TERM DEPOSIT ROI W.E.F 07.01.2023


RECURRING DEPOSIT
• Unlike a Fixed Deposit.
• To deposit a fixed sum of money
monthly.
• For a Pre determined time.
• RD tenure 12 months onwards.
• Returns = Capital Invested +
Handsome interest.
• Recurring Deposit = Banks &
Post offices.
=

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