Fixed Deposit Details

Bank Name

Sakthi Finance Deposits

Eligibility

Trusts
Foundations
Partnership firms
Companies
Resident individuals

Interest Rate

7.75-8.00%

Tenure

15-36 Months

Fixed Deposit Type

Regular

Regular Fixed Deposit

Tax Benefits

Not provided

Credit Ratings

[ICRA]BBB (Stable)

Interest Payment Frequency

monthly, quarterly, annually or on
maturity

Cummulative/Non-Cummulative

Cumulative

Features

Minimum Deposit Rs. 10,000/- per account The tenure of the scheme ranges from 15 months to 36 months For senior citizens interest rate ranges from 8.00 to 8.25% For HNI Secured Redeemable Non-Convertible Debenture Scheme interest rate ranges from 8.50 to 9.00% and minimum deposit required is Rs. 50,00,000 Loan facility available Premature withdrawal is allowed with a penalty

Minimum Investment Amount

Rs. 10,000/- per account

Features & Benefits

Pros

Potentially Competitive Interest Rates
Flexible Investment Options
Loan Against Deposit
Credibility and Safety

Cons

Lower Interest Rates Compared to Other Options
Early Withdrawal Penalty
Interest Rate Fluctuations

Pros & Cons

Account Opening Procedure

How to Open?

Visit any nearby branch

Application Procedure

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