Fixed Deposit Account

The Fixed Deposit Account is an investment account with a specific amount invested at an agreed interest rate and tenor. It is an investment account with a specific amount invested at an agreed interest rate and tenor. Based on customer's instructions, at the end of agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to customer) with the interest amount earned.

Features and Benefits

• To open FD Account the Applicant must have CA/SA account with Charter1 Bank.
• An account for safe investment and Suitable for both Individuals and Corporates.
• Minimum amount for opening the account SSP 10,000.
• Deposits are accepted from periods of 3, 6, 9, 12, 24and 36 Months.
• Attractive Rates of Interest.
• Maximum Deposit Period is 36 Months.
• No interest will be paid if closed prematurely.