Fixed-term-deposits

Fixed-term-deposits

is a plan that allows individual/ organization to make deposits and withdraw it at their convenience while making profit on it.

FEATURES

  • The interest can be paid up front.
  • Interest can be paid on a monthly basis or at the end of the term.
  • The term of plan can be increased or reduced at will.
  • Interest rates are subject to 10% withholding tax.
  • 10% charges from the principal on withdrawal after collection interest upfront and fail to wait at the end of the term.
  • Interest is calculated on daily basis.
  • Deposit remain the same but a different plan can be picked.