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DEPOSIT SCHEMES
FIXED DEPOSIT SCHEME
FIXED DEPOSIT SCHEME
Designed to provide fixed periodic interest return to the depositor on amount deposited with UFL.
Features
-Deposit can be made for a period of 1 months to 3 years.
-Account can be operated single or jointly.
-A minimum deposit of Rs. 5,000/- is essential.
-Attractive return.
-Interest earned can be withdrawn on quarterly basis with the use of Interest warrant or can be transferred to Savings account.
-Loan upto 90% of the deposit is available at 2% above fixed deposit rate.