Fixed Deposit

A Fixed Deposit (FD) is a financial instrument provided by MSPIDN to its members, which provides members a with higher rate of interest than a regular savings account, until the given maturity date. For a fixed deposit is that the money cannot be withdrawn from the FD as compared to a  recurring Deposit or a demand deposit before maturity. MSPIDN offer additional services to FD holders such as loans against FD certificates at competitive interest rates.

Popular Fixed Deposit Schemes

Scheme CodeScheme NameTenureRate of Interest (%)FD AmountMaturity Amount
FD_1 YearRegular Fixed Deposit12 Months8.0 %1,00,0001,08,000
FD_2 YearStandard Fixed Deposit24 Months8.75 %1,00,0001,17,500
FD_3 YearPremium Fixed Deposit36 Months9.50 %1,00,0001,28,500
FD_4 YearExtra Premium Fixed Deposit48 Months10.30 %1,00,0001,41,200
FD_5 YearDhan Kuber Fixed Deposit60 Months11.00 %1,00,0001,55,000
FD_8 Year 8 MonthDouble Dhamaka Fixed Deposit104 Months11.50%1,00,0002,00,000
FD_10 Year
‘or’ Above
Dhan Lakshmi Fixed Deposit120 Months
‘or’ Above
12.00% ‘or’ (+)1,00,0002,20,000

For Open Fixed Deposit Account Digitally : Click Here

Scheme CodeScheme NameTenureAnnual Rate
of Interest (%)
FD AmountMonthly Interest
MIS_MonthlyRegular MIS Fixed Deposit (Monthly)1 Months6.0 %1,00,000500.00 /- monthly
(6000/- Year)
MIS_QuarterlyStandard MIS Fixed Deposit (Quarterly)3 Months6.85 %1,00,0001712.49 /- 3rd monthly
(6850/- Year)
MIS_Half YearlyPremium MIS Fixed Deposit (Half Yearly)6 Months7.75 %1,00,0003875/- 6th monthly
(7750/- Year)
MIS_YearlyExtra Premium MIS Fixed Deposit (Yearly)12 Months8.75 %1,00,0008750/- 12th monthly
MIS_LT YearlyLong Term MIS Fixed Deposit (10 Yr. or Above)12 Months10.00 %1,00,00010000/- Year

For Open Fixed Deposit Account Digitally : Click Here

Terms & Conditions:

  1. It is mandatory to be a member in the MSPIDN.
  2. MSPIDN will issue shares worth Rs.100/- to FD account holder.
  3. Minimum FD would be of Rs.10000.
  4. Interest calculated quarterly or no compounded.
  5. Applicable TDS to be deducted on Interest as per the provisions of Income Tax Act.
  6. Loan available against deposit up to 70% of deposit amount after 2 month from the date of deposit.
  7. In case of death of a depositor , the MSPIDN will repay to nominee or beneficiary the principal & interest, at which it was accepted.

For Open Fixed Deposit Account Digitally : Click Here