Fixed Deposit – Quarterly Interest Scheme

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The Fixed Deposit – Quarterly Interest Scheme is designed for members who wish to earn a regular income from their investments while keeping their principal amount safe. Instead of receiving interest at maturity, members receive interest every three months, making it an ideal option for retirees, senior citizens, salaried individuals, and those seeking a steady source of income. The investment remains secure while providing guaranteed quarterly returns.

Benefits Interest Rate Illustrative Example
  • Attractive interest rate of 10.5% per annum
  • Quarterly interest payout (every 3 months)
  • Minimum investment starts from ₹10,000
  • Minimum tenure of 1 year
  • Guaranteed and secure investment with assured returns
  • Regular quarterly income without affecting the principal amount
  • Nomination facility available for financial security
  • Ideal for retirees, senior citizens, and income-focused investors
  • Regular Members: Earn an attractive interest rate of 10.5% per annum.
  • Senior Citizens: Receive a higher interest rate of 11.0% per annum.
  • Quarterly Interest Payout: Interest is credited every three months, ensuring consistent cash flow.
  • Guaranteed Returns: Fixed interest rates provide predictable earnings throughout the selected tenure.

Illustrative Example (₹1,00,000 Investment @ 10.5% p.a.)

QuarterInterest Earned
1st Quarter₹2,625
2nd Quarter₹2,625
3rd Quarter₹2,625
4th Quarter₹2,625
Total Annual Interest₹10,500

Note: Senior Citizens earn a higher interest rate of 11.0% per annum, resulting in increased quarterly interest payouts as per the scheme.