Fixed Deposit Details
Bank Name
Seyad Shariat Finance Limited
Eligibility
Trusts
Foundations
Partnership firms
Companies
Resident individuals
Interest Rate
Bonus Payment: 7.00-9.00%
Tenure
Up to 36 Months
Fixed Deposit Type
Regular
Regular Fixed Deposit
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. 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/-
Features & Benefits
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 Procedure
How to Open?
Download form from http://shariatfinance.com/images/FD.pdf
Application Procedure
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