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Progressive Finance Limited

Fixed Deposit

A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
A single deposit, invested for a fixed period, at a guaranteed, fixed rate of interest. Our Fixed Deposit account offers a range of investment periods and guaranteed interest rates to suit your exact needs. Whether short or long term, for 3 months or more than 2 years, we will provide you with the reasonable interest rates throughout the agreed investment period.
A fixed deposit is a good choice to save for wealth creation, retirement and education.

A. Personal (Effective from 2079.12.01)

TenureMonthlyQuarterlyYearlyOn Maturity
Up to 3 months11.60%11.60%
3 months to below 6 months11.70%11.70%
6 months to below 9 months11.80%11.80%
1 year to below 2 years11.90%11.90%
2 years to below 3 years12.00%12.00%
3 years & above 12.25%12.25%
Note : Can apply for loan upto 90% of the amount deposited.

B. Institutional (Effective from 2079.12.01

TenureMonthlyQuarterlyYearlyOn Maturity
6 months to below 9 months9.80%9.80%
1 year to below 2 years 9.90%9.90%
2 years to below 3 years10.00%10.00%
3 years & above 10.25%10.25%
Note : Can apply for loan upto 90% of the amount deposited.