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  • Terms And Conditions Governing Fixed Deposit Schemes

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Ny will not entertain any request for change once the scheme is selected. Where the scheme choice is not indicated in the Application Form the deposit will be treated as placed in Cumulative Scheme - 12 months. Senior Citizens (60 years and above), and employee of the company will be entitled to an additional rate of interest of 0.25% per annum on the respective Deposits. ii. Interest on Fixed Deposits will commence from the date of realisation of cheque / demand draft by the Company. iii. Any c.

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How to fill out the TERMS AND CONDITIONS GOVERNING FIXED DEPOSIT SCHEMES online

Filling out the TERMS AND CONDITIONS GOVERNING FIXED DEPOSIT SCHEMES online is essential for ensuring your fixed deposit application is processed smoothly. This guide provides step-by-step instructions to help you navigate the form with ease.

Follow the steps to successfully complete the form.

  1. Press the ‘Get Form’ button to access the TERMS AND CONDITIONS GOVERNING FIXED DEPOSIT SCHEMES form.
  2. Fill in your details. This includes your name, address, and contact information. Ensure that the information is accurate and written in the proper format to avoid any discrepancies.
  3. Select the fixed deposit scheme that you wish to apply for. The available options will be detailed on the form, including the minimum deposit amount, interest rates, and tenure periods.
  4. Provide identification information. To comply with 'Know Your Customer' guidelines, attach a copy of a valid photo identification document and proof of address as required.
  5. Complete the payment details section. Indicate the amount you wish to deposit and the method of payment, such as a cheque or demand draft. Ensure to provide the correct bank details if applicable.
  6. Include any nomination details if applicable. You may nominate another person who will be entitled to the deposit in the event of your demise. Ensure the nominee's details are completed accurately.
  7. Review the terms and conditions provided in the document. It is crucial to read these carefully to understand your rights and obligations regarding the fixed deposit scheme.
  8. Sign and date the application form. If submitting as a joint application, ensure all joint applicants sign the form as required.
  9. Submit the completed application form, along with any necessary documents, at the designated submission points as indicated in the form.
  10. Finally, save a copy of the filled form for your records. You may also download, print, or share the document as needed.

Start completing your TERMS AND CONDITIONS GOVERNING FIXED DEPOSIT SCHEMES online today!

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Disadvantages of term deposits If you need your money before the term ends, you may have to pay a penalty fee. You may only receive a proportion of the interest earnt, or none at all. Scammers are offering investments advertised to be 'like a term deposit' that claims to be a 'new breed of investment'.

A term deposit lets you lock away a lump sum of money for a set length of time (the 'term'). During this term you won't have access to your money. However, in return you'll get a guaranteed rate of interest. That means you'll know from the outset exactly what the return on your money will be.

(i) No deposit shall be withdrawn before the expiry of 1 year from the date of deposit. (ii) If account is closed after 1 year and before 3 year from the date of account opening, a deduction equal to 2% from the principal will be deducted and remaining amount will be paid.

If all your funds are locked away in a Term Deposit, and you need to access cash before the term ends, you will likely not receive the full benefit of the interest earned, and could incur additional costs or having to pay back previously accumulated interest to the financial institution.

Key FD rules and regulations Tax on FD interest. ... Exemption under section 80C. ... Early withdrawal penalties. ... Insurance cover for bank FDs. ... Loan against FD. ... TDS on Fixed Deposits. ... Payment terms. ... Also Read: Benefits of opening an FD without a Savings or Current Account.

What is a term deposit? With a term deposit, you lock away an amount of money for an agreed length of time (the 'term') – that means you can't access the money until the term is up. In return, you'll get a guaranteed rate of interest for the term you select, so you'll know exactly what the return on your money will be.

Banks don't have to break your term deposit but are usually willing to accommodate requests.

Fixed Term Deposit Account. Lock away your money for an agreed amount of time of up to two years and you'll get a fixed interest rate.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232