A Fixed deposit is a financial instrument for depositing a fixed amount of money for a fixed period of time for a high interest rate till the given maturity date. Fixed deposits are different from normal savings bank account. They are very safe investments used to mark a bigger class of investment with fluctuating levels of liquidity. Commonly, it cannot be withdrawn before the maturity period, and this makes sure that the money is absolutely safe and would attain its complete range of potential by the time of maturity.
The Puduppadi service Co-operative bank provides both short and long term fixed deposits for our customers. The customer can choose the amount of investment and gain solid and guaranteed returns for their investment. Also, the customer has the opportunity to choose from a number of duration periods and establish on what is convenient and most appropriate for their needs.