Product Details
Bank Name
GOVE Finance Limited
Eligibility
Any Indian Resident
Interest Rate
8.75 to 9.75%
Tenure
12-48 Months
Fixed Deposit Type
Regular
Cumulative Deposits
Tax Benefits
No information provided
Credit Ratings
[ICRA]BBB- (Stable)
Interest Payment Frequency
On maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
Minimum Deposit Rs. 10,000/- per account with additions in multiples of Rs.1,000/- The tenure of the scheme ranges from 12 months to 36 months Joint Deposits are available Deposits up to 75% will be eligible for loans For senior citizens interest rate ranges from 7.75 to 8.50%
Minimum Investment Amount
Minimum Deposit Rs. 10,000/- per account with additions in multiples of Rs.1,000/-
Features & Benefits
Pros
Higher Interest Rates
Cons
Comparatively low credit ratings No tax benefits
Pros & Cons
Account Opening Procedure
How to Open?
You can visit any GOVE Finance Limited branch and obtain a deposit application form.
Fill out the application form with your details and choose the desired deposit tenure.
Attach required documents and submit the completed application form along with your investment amount.
Application Procedure
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