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Know About Fixed Deposit

A fixed deposit is a type of financial service offered by cooperative credit societies that allows members to invest a large sum of money at a predefined interest rate for a set length of time.

For members seeking a safe, high-interest investment with assured returns over a predetermined time frame, a fixed deposit is a great choice.

Plan FC 1 Fixed Deposit ROI 9.50% Year 1

Amt. DepositMaturitySenior Citizen 10%
500054755500
100001095011000
200002190022000
300003285033000
400004380044000
500005475055000
100000109500110000
200000219000220000
500000547500550000
100000010950001100000

Plan FC 2 Fixed Deposit ROI 10% Year 2

Amt. DepositMaturitySenior Citizen 10.50%
500060506105
100001210012210
200002420024421
300003630036631
400004840048841
500006050061051
100000121000122103
200000242000244205
500000605000610513
100000012100001221025

Plan FC 3 Fixed Deposit ROI 10.50% Year 3

Amt. DepositMaturitySenior Citizen 11%
500067466838
100001349213676
200002698527353
300004047741029
400005396954705
500006746268382
100000134923136763
200000269847273526
500000674616683816
100000013492331367631

Plan FC 4 Fixed Deposit ROI 11% Year 4

Amt. DepositMaturitySenior Citizen 11.50%
500075907728
100001518115456
200003036130912
300004554246368
400006072361824
500007590477280
100000151807154561
200000303614309122
500000759035772804
100000015180701545608

Plan FC 5 Fixed Deposit ROI 11.50% Year 5

Amt. DepositMaturitySenior Citizen 12%
500086178812
100001723417623
200003446735247
300005170152870
400006893470494
500008616888117
100000172335176234
200000344671352468
500000861677881171
100000017233531762342

Plan FC 6 Fixed Deposit ROI 12% Year 6

Amt. DepositMaturitySenior Citizen 12.50%
5000986910136
100001973820273
200003947640546
300005921560819
400007895381091
5000098691101364
100000197382202729
200000394765405457
5000009869111013643
100000019738232027287

Plan FC 7 Fixed Deposit ROI 12.50% Year 7

Amt. DepositMaturitySenior Citizen 13%
50001140311763
100002280723526
200004561447052
300006842170578
400009122894104
50000114035117630
100000228070235261
200000456139470521
50000011403491176303
100000022806972352605

Fixed Deposit

You can invest your savings at competitive FD interest rates with the ICCSL Fixed Deposit plan. With different interest rates applied, we permit you to invest in FD for a minimum of one year and a maximum of seven years. The minimum investment is Rs. 5000, with further investments being made in multiples of Rs. 5000. By making modest investm+ents in our one to three-year, four to five-year, and six to seven-year schemes, you can earn respectable returns at the end of the phase. You can obtain a lending facility against a fixed deposit according to certain conditions and the loan facility will be available in proportion to the invested amount. You will receive extremely advantageous FD rates on FDs, which range from 9.00% to 12.00%. Senior citizens will receive an additional 0.50% p.a interest. TPrematurity will be applicable after completion of every year. The grace period of auto-renewal is 1 month. After 1 month the deposit will be locked for the next 1 year. 

Questions & Answers

Find answers to all your queries about Fixed Deposit
What is the minimum FD investment amount?

The minimum investment is Rs. 5000, with further investments being made in multiples of Rs. 5000.

Yes.
The details are given below:

  • 1 to 3 years scheme → Prematurity payment system not given

  • For 4 to 5 years scheme → Prematurity facility will be given only after completion of 3 years

     

  • For 6 to 7 years scheme → Prematurity facility will be given only after completion of 5 years

Yes,
you can obtain a lending facility against a fixed deposit according to certain conditions:

  • 1 to 3 years scheme: Loan facility is not given

  • 4-year to 5-year scheme: Loan facility will be available on fixed deposits

  • 5 years to 7 years scheme: Loan facility will be available on this scheme

*The interest rate will be applicable as per ICCSL’s terms and conditions.

Fixed Deposit Required Documents

Basic documents required for opening a savings account.

PAN Card
is Mandatory

Duly Filled
Application Form

Color & Passport Size
Photographs

Color & Passport Size
Photographs

Questions & Answers

Find answers to all your queries about our service.

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  • What is the minimum FD investment amount?

    The minimum investment is Rs. 5000, with further investments being made in multiples of Rs. 5000.

  • Is there any prematurity payment system available for FDs?

    Yes. The details are given below: 1 to 3 years scheme → Prematurity payment system not given For 4 to 5 years scheme → Prematurity facility will be given only after completion of 3 years For 6 to 7 years scheme → Prematurity facility will be given only after completion of 5 years

  • Is there any loan facility available for Fixed Deposits?

    Yes, you can obtain a lending facility against a fixed deposit according to certain conditions:   1 to 3 years scheme: Loan facility is not given 4-year to 5-year scheme: Loan facility will be available on fixed deposits 5 years to 7 years scheme: Loan facility will be available on this scheme   *The interest rate will be applicable as per ICCSL’s terms and conditions.

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