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Fixed Deposit
A Fixed Deposit is useful for the feature benefits. A Fixed Deposit offers guaranteed returns, if you choose an FD with a Re-Investment option, you will benefit from compound interest. Society will not deduct any tax. This provides comfort to deposit holders. The interest rate on a Fixed Deposit varies depending on the term you choose. The interest you earn on the Fixed Deposit depends on the maturity period of the FD with a higher period, you earn a higher interest.

Senior Citizen Monthly Income Scheme (Pension Scheme)
The Senior Citizen Monthly Income Scheme (SCMIS) is a pension scheme offered by the Indian government for senior citizens in India. It is designed to provide a steady source of income for senior citizens after their retirement. The scheme is open to all Indian citizens who are 60 years of age or older, and provides an interest rate that is higher than the regular savings account rate. Under the SCMIS, the depositor makes a lump sum deposit into the account, and the deposit earns interest for a fixed term of 7 years. At the end of the term, the depositor can choose to either withdraw the entire amount or use it to purchase an annuity, which provides a regular income for the remainder of the depositor's life. The minimum deposit amount is Rs. 5,000/- and the maximum deposit amount is Rs. 5 Crore. The interest rate is reviewed and revised by the government on a quarterly basis. It's important to carefully read and understand the terms and conditions of the SCMIS before opening an account, as there may be penalties for premature withdrawals. Additionally, the deposit is insured by the government, so it is considered a safe and secure way to save and grow money for senior citizens in India.

Double Income Scheme ( Only 72 Months) Locking
The Double Income Scheme, also known as a fixed deposit scheme, is a type of savings plan offered by banks and other financial institutions. This scheme is designed to provide individuals with a higher rate of interest than a regular savings account, and the deposit is locked in for a fixed term of 72 months. During this time, the depositor cannot make any withdrawals, and the deposit earns interest at a predetermined rate. At the end of the 72-month term, the depositor receives the accumulated savings, along with the accumulated interest. Some financial institutions may offer additional benefits, such as a higher interest rate for senior citizens or flexible deposit options, such as monthly or quarterly deposits. It's important to carefully read and understand the terms and conditions of the Double Income Scheme before opening an account, as there may be penalties for premature withdrawals. Additionally, the deposit may be insured by the government, so it is considered a safe and secure way to save and grow money for a fixed period of time.

Triple Income Scheme (Only 132 Months) Locking
The Triple Income Scheme, also known as a fixed deposit scheme, is a type of savings plan offered by banks and other financial institutions. This scheme is designed to provide individuals with a higher rate of interest than a regular savings account, and the deposit is locked in for a fixed term of 132 months. During this time, the depositor cannot make any withdrawals, and the deposit earns interest at a predetermined rate. At the end of the 132-month term, the depositor receives the accumulated savings, along with the accumulated interest

Recurring Deposit Scheme
A recurring deposit (RD) is a type of savings plan offered by banks and other financial institutions. It is designed for individuals who want to save a fixed amount of money on a regular basis, usually monthly. The depositor agrees to make a fixed deposit each month for a specified period of time, usually ranging from 12 months to 10 years. In return, the depositor earns a higher rate of interest than a regular savings account. At the end of the term, the depositor receives the accumulated savings, along with the accumulated interest. RDs are typically insured by the government, so they are considered a safe and secure way to save and grow money. The minimum deposit amount and the frequency of the deposits may vary depending on the financial institution, so it is important to carefully read and understand the terms and conditions before opening an account. Additionally, some financial institutions may allow the depositor to make partial withdrawals before the end of the term, although this may incur a penalty.

Daily Deposit Scheme
A daily deposit scheme is a type of savings plan where the depositor is required to make small, regular deposits into the account on a daily basis, rather than making a lump sum deposit. These schemes are commonly offered by banks and other financial institutions. The main advantage of this type of scheme is that it helps individuals to develop a habit of saving, and can make it easier to build up a substantial balance over time. The interest rate on a daily deposit scheme is typically higher than that offered on a regular savings account, and the depositor may have the option to choose the length of the deposit term, such as a fixed period of 1 year, 2 years, or more. It's important to carefully read and understand the terms and conditions of a daily deposit scheme before opening an account, as there may be penalties for missing deposits or withdrawing funds before the end of the term.