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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 2081.03.01)

TenureMonthlyQuarterlyYearlyOn Maturity
3 Months7.15%7.15%
6 Months7.30%7.30%
9 Months7.50%7.50%
12 Months to 23 Months7.75%7.75%
24 Months & Above8.25%8.25%
Note : Can apply for loan upto 90% of the amount deposited.

B. Institutional (Effective from 2081.02.01)

TenureMonthlyQuarterlyYearlyOn Maturity
6 Months6.30%6.30%
9 Months6.50%6.50%
12 Months to 23 Months6.75%6.75%
24 Months & Above7.25%7.25%
Note : Can apply for loan upto 90% of the amount deposited.