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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 2080.06.01)

TenureMonthlyQuarterlyYearlyOn Maturity
3 Months11.00%11.00%
6 Months11.15%11.15%
9 Months11.30%11.30%
12 months to Below 24 months11.50%11.50%
2 Years and Above11.75%11.75%
Note : Can apply for loan upto 90% of the amount deposited.

B. Institutional (Effective from 2080.06.01)

TenureMonthlyQuarterlyYearlyOn Maturity
6 Months9.30%9.30%
9 Months9.15%9.15%
12 Months to Below 24 Months9.50%9.50%
2 Years and Above9.75%9.75%
Note : Can apply for loan upto 90% of the amount deposited.