Raksha Kavach Fixed Deposits

An account for a Raksha Kavach fixed deposit can be opened with a minimum tenure of 6 Months 1 Day.

Yes, you can use online FD calculator available on the website to compute FD interest on your own.

Start your Raksha Kavach deposit with minimum of INR 5,000.

You have an options to can get an interest on Monthly, Quarterly and On Maturity. It is recommended to opt "On Maturity" interest payout option to get a higher returns with a benefit of quarterly compounding interest.

Your OD account will be opened along with fixed deposit.No need to fill multiple application forms.

One of the safest financial options is to invest in fixed deposits. An FD allows you to keep your money safe while earning interest returns.

Banks provide FD investors with a nomination feature that takes unforeseen circumstances into account.

Yes, Partial & full withdrawals will be allowed subject to outstanding balance of overdraft facility is settled. In case premature withdrawal of Raksha Kavach Deposit, interest is calculated at the rate in effect for the time that the deposit has been held by the bank, subject to 1% penalty.

The maximum time you can invest in an FD is 10 years.

There are several advantages to investing in FDs, including guaranteed returns, security for the deposited money, Qucik liquidity /overdraft facility against FD, and cumulative interest earning in case of interest reinvestment.

Raksha Kavach Fixed Deposit account is simple and painless, and just a few documents are needed. You can apply for an FD at your nearest Branch.

Senior citizen customers are eligible for an additional 0.5% interest.

You are permitted to early withdraw from your FD only if OD is settled. You will, however, be responsible for the early withdrawal fee for an FD as per the bank policy.