What is a fixed deposit?   A fixed deposit account allows you to deposit your money for a set period of time, thereby earning you a higher rate of interest in return. Fixed deposits also give you a higher rate of interest than a savings bank account. Who can apply for a fixed deposit account?    Individuals and organizations with the intention of retaining their savings for a fixed period for some future use. What are the benefits of a Fixed Deposit?    The option to withdraw the deposit at any time before maturity without any difficulty  You can avail loans upto 85% of the principal  Variable deposit periods ranging from 6 months to 120 months  You get interest once in 6 months    What is the minimum amount I can deposit?   The minimum deposit amount is Rs. 1,000/- Deposits can be made in multiples of Rs. 100/-. While all efforts have been made to update the information, constituents are requested to contact the branches for latest details. The minimum deposit amount is Rs. 1,000/- Deposits can be made in multiples of Rs. 100/-.While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.