Deposits are accepted ranging from 15 days to 10 years and the interest is paid at regular intervals (Monthly /Quarterly / Half yearly) at an attractive rate of interest.
All individuals / associations etc. are eligible to open the Fixed Deposit Account.
Fixed deposit can also be accepted for any period in multiples of complete months or even for a period where the terminal month is incomplete.
TECU Banks savings account holders can enjoy the benefit of fixed deposits and get higher interest rates for their money.