Fixed Deposit / Cash Certificate

Fixed Deposit

A fixed deposit account is an investment account in which money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period.

It is a safer investment option when compared to other investment types such as shares or the money market.

Cash Certificate

Cash Certificates and fixed deposits are essentially the same thing. Some banks even refer to fixed deposits as CDs. Both CDs and fixed deposits will pay interest more than "passbook" savings accounts, where money can be withdrawn at any time.

Janalakshmi Cash Certificate amount will be double in 72 months (Double Dhamaka)

Jananidhi Gold Scheme Deposit:

It is a special kind of Term Deposit offered by Cooperative which helps people with regular incomes to deposit a fixed amount every month into their Deposit account and earns one month extra instalment as a interest.

In this Scheme monthly deposit amount is Rs. 1000/- or Rs. 2000/- and tenure is fixed to 18 months.

In this Scheme there is no premature option. If any person stops paying monthly instalment amount before completion of tenure, then that person receives only deposit amount on maturity date.