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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

Plan FC 2 Fixed Deposit ROI 10% Year 2

Plan FC 3 Fixed Deposit ROI 10.50% Year 3

Plan FC 4 Fixed Deposit ROI 11% Year 4

Plan FC 5 Fixed Deposit ROI 11.50% Year 5

Plan FC 6 Fixed Deposit ROI 12% Year 6

Plan FC 7 Fixed Deposit ROI 12.50% Year 7

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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