Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.
A fixed deposit is a financial instrument where a member gets assured ROI.
Money can be deposited / withdraw into an account as per the wish of account holder.
Recurring Deposit is a special kind of Term Deposit offered by Amar Bank
Daily Deposit Scheme is a monetary deposit scheme introduced by Amar Bank.
Monthly interest scheme is introduced by Amar Bank.