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Fixed Deposit Scheme

SIDBI's Fixed Deposit Scheme is rated 'AAA(FD)' by CARE and 'FAAA' by CRISIL indicating highest safety with regard to payment of principal and interest. Salient features of the scheme are given below. The detailed terms of the scheme are enumerated in the application forms which may be obtained from any of the offices of SIDBI.

Schemes

Minimum Deposit@

A.	Cumulative Deposit	Rs. 10,000
B.	Annual income	Rs. 10,000
C.	Quarterly Income	Rs. 10,000
D.	Monthly Income	Rs. 25000

* Additional amounts in multiples of Rs.1,000

Eligible Depositors

Resident Individual.
Minors.
HUFs.
Partnership firms

Companies
Bodies Corporate
Societies
Association of Persons

Features

Nomination facility available on Single & Joint Deposits by Individuals.

Post dated interest warrants payable at par at 27 centres (subject to change), issued for the entire financial year, in advance provided the interest amount payable monthly/quarterly is less than Rs.10,000/-

Repayment of maturity amount by local cheques at 39 centres (subject to change)

Duration of Deposit

The minimum and maximum duration of the deposit is 12 and 60 months respectively. The deposits are accepted for a tenure in multiples of one month only.

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