Fixed Deposit. These corporate or company fixed deposit schemes are backed by higher FD (as compared to bank FD rates) interest rates. Fixed Deposit is one of the safest investment instruments, which offers highest stability Corporate Fixed Deposits or Company Fixed Deposits are saving cum investment tools offered by Non-Banking Financial Companies or NBFCs. A Fixed Deposit Money Double Scheme is basically a fixed deposit or term deposit scheme wherein you invest a certain amount of money. Interest rates on fixed deposit schemes are generally higher than the interest on savings accounts. How much can you earn per month? Recurring Deposit. Usually, the deposit term for recurring deposits varies from 6 months - 10 years. Term. Visit us at HDFC to know more benefits. Last Updated on December 2020. Top 10 1-year FDs for 2020; Bank Regular FD Rates (per annum) Senior Citizen FD Rates (per annum) ESAF Small Finance Bank: 7.00%: 7.50%: Given below is the updated list of 10 banks that pay the highest interest on fixed deposit schemes. Documents Required for Senior Citizen Fixed Deposit Scheme. Generally, fixed deposit schemes are offered for 7 days - 10 years. For example, PAN card, Aadhar card, etc. Get all the details on Bank Fixed Deposits in India, List of Banks for Fixed Deposits, Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes and Bank Fixed Deposits 2020 In short, fixed deposits made after this announcement will effectively convert into monthly income generating scheme. The account holder can opt for deposit term as per his investment goals. The money is locked for a certain period of time and over that time frame, the account provider (that is the … Fixed deposit accounts are an excellent means to grow your money over a period of time. If you invest in fixed deposits, you can get higher returns for the same amount of … Benefits of Fixed Deposit. In case of any investor is interested to invest in senior citizen fixed deposit scheme the following documents will be required: Recent passport-sized photographs. You can choose the duration and the amount based on your needs and financial goals. If you have a big event planned in five years, then you can select the 60-months deposit … Shriram City's fixed deposits scheme offers flexible tenure options starting from 12 months to 60 months. Copy of age proof substantiating that the age of the investor is more than 60 years. The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. 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