Fixed Deposit

To access this page: On the Create an Account menu, click Fixed Deposit

The Create an Account – Fixed Deposits page is used to create a fixed deposit by transferring funds from your existing saving account. When you specify the type of fixed deposit that you require, the applicable interest rates are displayed on this page. Therefore, you can review and confirm the transaction as required.

See Creating a fixed deposit

 

Field/Button

Description

Source Account Number

The account from which the transfer is being made.

Deal Period

The number of months for which the deposit is made

Amount

The amount to be transferred to the fixed deposit, in the selected currency

Interest Settlement Method

Specify whether the interest is collected monthly or at maturity

Interest Collecting Account

The account to which the monthly interest is credited, if interest is collected monthly

Renewal Method

Options for renewing the fixed deposit. Capital only or capital and interest

Fund Transfer Confirmation

OTP Password

The one-time password generated by the security token given by the bank.