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 For a fixed deposit is that the money cannot be withdrawn from the FD as compared to a recurring Deposit or a demand deposit before maturity.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 Code | Scheme Name | Tenure | Rate of Interest (%) | FD Amount | Maturity Amount |
| FD_1 Year | Regular Fixed Deposit | 12 Months | 8.0 % | 1,00,000 | 1,08,000 |
| FD_2 Year | Standard Fixed Deposit | 24 Months | 8.75 % | 1,00,000 | 1,17,500 |
| FD_3 Year | Premium Fixed Deposit | 36 Months | 9.50 % | 1,00,000 | 1,28,500 |
| FD_4 Year | Extra Premium Fixed Deposit | 48 Months | 10.30 % | 1,00,000 | 1,41,200 |
| FD_5 Year | Dhan Kuber Fixed Deposit | 60 Months | 11.00 % | 1,00,000 | 1,55,000 |
| FD_8 Year 8 Month | Double Dhamaka Fixed Deposit | 104 Months | 11.50% | 1,00,000 | 2,00,000 |
| FD_10 Year ‘or’ Above | Dhan Lakshmi Fixed Deposit | 120 Months ‘or’ Above | 12.00% ‘or’ (+) | 1,00,000 | 2,20,000 |
For Open Fixed Deposit Account Digitally : Click Here
| Scheme Code | Scheme Name | Tenure | Annual Rate of Interest (%) | FD Amount | Monthly Interest |
| MIS_Monthly | Regular MIS Fixed Deposit (Monthly) | 1 Months | 6.0 % | 1,00,000 | 500.00 /- monthly (6000/- Year) |
| MIS_Quarterly | Standard MIS Fixed Deposit (Quarterly) | 3 Months | 6.85 % | 1,00,000 | 1712.49 /- 3rd monthly (6850/- Year) |
| MIS_Half Yearly | Premium MIS Fixed Deposit (Half Yearly) | 6 Months | 7.75 % | 1,00,000 | 3875/- 6th monthly (7750/- Year) |
| MIS_Yearly | Extra Premium MIS Fixed Deposit (Yearly) | 12 Months | 8.75 % | 1,00,000 | 8750/- 12th monthly |
| MIS_LT Yearly | Long Term MIS Fixed Deposit (10 Yr. or Above) | 12 Months | 10.00 % | 1,00,000 | 10000/- Year |
Terms & Conditions:
- It is mandatory to be a member in the MSPIDN.
- MSPIDN will issue shares worth Rs.100/- to FD account holder.
- Minimum FD would be of Rs.10000.
- Interest calculated quarterly or no compounded.
- Applicable TDS to be deducted on Interest as per the provisions of Income Tax Act.
- Loan available against deposit up to 70% of deposit amount after 2 month from the date of deposit.
- In case of death of a depositor , the MSPIDN will repay to nominee or beneficiary the principal & interest, at which it was accepted.