DEPOSITS

Fixed Deposit Account

Fixed deposits are moneys deposited by customers for a fixed period. Such deposits are also called Term Deposits. These deposits are repayable only after the expiry of a specified period. The banker offer higher rate of interest to the fixed deposit. It varies according to the period for which fixed deposit has taken.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 611655583 - -
2014-2015 625332938 13677354 2.23
2015-2016 638003649 26348065 4.31
2016-2017 838772535 227116951 37.13
2017-2018 1269604052 657948441 107

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