Product Details
Bank Name
Seyad Shariat Finance Limited
Eligibility
Trusts
Foundations
Partnership firms
Companies
Resident individuals
Interest Rate
Bonus Payment: 7.00-9.00%
Tenure
36 Months
Fixed Deposit Type
Regular
Regular Fixed Deposit
Tax Benefits
No information provided
Credit Ratings
[ICRA]BBB- (Stable)
Interest Payment Frequency
On maturity
Cummulative/Non-Cummulative
Cumulative
Features
Minimum Deposit Rs. 5,000/- per account The tenure of the scheme ranges from 12 months to 36 months Premature withdrawal is allowed with a penalty Joint Deposits are limited to three people Deposits up to 75% will be eligible for loans after three months.
Minimum Investment Amount
Rs. 5,000/-
Fees and Charges
Pros
Higher Interest Rates
Potential for Greater Growth
Suitable for Long-Term Goals
Cons
Not suitable for short-term goals
Lower liquidity
Pros & Cons
Account Opening and Procedure
How to Open?
Download form from http://shariatfinance.com/images/FD.pdf
Application Procedure
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