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Term Deposit
A Fixed Term Deposit allows you to place deposits for various tenors, at attractive rates.
Term Deposit
A Fixed Term Deposit allows you to place your money for a set period of time thereby earning you a higher rate of interest. Deposit of funds can be placed for a pre-specified period at a fixed interest rate and you can choose from a range of deposit tenors.
The interest rate is fixed, based on Inter Bank Money Market rates. Penalties would be charged for premature encashment.
