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Fixed
Deposit (Monthly Income):
Under
this scheme depositors desire to deposit minimum one-year period and maximum
period is 5 years. Under this scheme, monthly interest payment is made to the
depositor at the end of every month. Principle amount of the deposit paid to
the depositor on due date.
Cumulative
Deposit:
Under
this scheme depositors desire to deposit minimum one-year period and maximum
period is 5 years. Under this scheme, principle amount including monthly
interest is calculated monthly compounding basis. Principle amount of the
deposit and interest paid to the depositor on due date.
Short
Term Deposit:
Under
this scheme depositors desire to deposit with in the period of one year. Mini.
Period of 91 days, Maxi. Period with in period of 1 year. On due date deposit
amount including interest payment made to the depositor. If the depositor
wishes to continue for another period, the deposit amount treated as maturity
value of the old deposit.
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