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Banas Bank's fixed deposit scheme is one of the most common savings scheme for an average investor. Fixed deposit also gives a higher rate of interest than a savings bank account. Banas Bank offers several fixed deposit schemes to choose from, depending on your chosen preferred term period (short-term or long-term). This range of choices makes fixed deposits a convenient option for a range of investors, from salaried employees to self-employed professionals to senior citizens.

Some of the facilities offered by bank on fixed deposit are overdraft (loan) facility on the amount deposited, premature withdrawal before maturity period (which involves a loss of interest) etc. Bank deposits are fairly safer because banks are subject to under control of the Reserve Bank of India.

As low-risk instruments, fixed deposit investments offer both, security and competitive interest rates on your principal amount.

Why Fixed Deposit with Us?

Bank deposits are the safest investment after Post office savings because all bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India. It is possible to get a loan up to 75- 90% of the deposit amount from bank against fixed deposit receipts. The interest charged will be 1% more than the rate of interest earned by the depositors. We give best interest rate on fixed deposit. Click Here to view interest rate based on investment period.Saving/Current acoount is must for opening fixed deposit accounts.