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Recurring Deposit

Fixed Deposit is a way to save money, and also the best investment instrument used by many in worldwide. It’s a convenient and easy way to see your little savings grow. Depositors can deposit their partially savings or income in fixed deposit. Let your investment grow over the period from 7 days to decades with the earning of attractive rate of interest compared to your savings account. No visits to branch when recurring deposit can be created over a touch at your phone.

Unique Features:

  • The minimum amount required to be deposited in a Fixed Deposit is Rs. 10,000/-
  • Fixed Deposits can be opened by Resident Indians
  • Fixed Deposit's can be booked through online internet banking and mobile banking application (SoL India-download on App Store and IoS)
  • Attractive rate of interest for short-term and long-term investments
  • Easy to transfer from existing CASA accounts
  • Knowing the exact maturity amount can help you plan for your future requirements

Terms & Conditions:

TDS shall be applicable as per Income Tax Rules

Fixed Deposits & Recurring Deposits interest Rates

Recurring deposit is a unique term of savings in a smaller amount for a lock in period of 1 year and over decades. Its absolute convenient to save smaller amount from an individual perspective every month on month. Recurring deposits comes with guaranteed returns along with the rate of interest on yearly basis. No visits to branch when recurring deposits can be created over a touch at your phone.

Unique Features:

  • Invest in small amounts and get the maximum rate benefit
  • An investment as small as Rs.500/- and max of Rs.1,00,000/- per account can be made
  • Minimum term 12 months and maximum term of 5 years can be booked

Terms & Conditions:

TDS shall be applicable as per Income Tax Rules.

Fixed Deposits & Recurring Deposits interest Rates

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