Product 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
Fees and Charges
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 and Procedure
How to Open?
Visit any nearby branch
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.