It is a time deposit with fixed terms where a certain amount of money is kept in the account for predetermined fixed time and interest rate.


  • Funds are invested in fixed period
  • Interest is paid on maturity
  • Its duration is 3, 6, 12 or 24 months
  • Fixed Deposit receipt is given to a customer as certificate of deposits which is presented for payment during maturity
  • It can be renewed as per customer’s instructions
  • It can be opened in either of BIF, USD or EURO
  • Prematurely withdrawal attracts a penalty


  • A customer knows in advance the interest he/she will earn
  • A flexible maturity of 3, 6,12 and 24 months which enable a customer to choose a suitable investment plan
  • Risk free investment with guaranteed return
  • Easy to access an overdraft facility in case of need (It can be used as a lien/collateral for loan)
  • Renewable investment enables customers to maximize his / her interest earning