Cash Certificates
Harness the power of compounding. Invest a lump sum today and watch it grow exponentially with interest that earns its own interest.
The Power of Compounding
Our Cash Certificate is essentially a cumulative term deposit. Instead of paying out the interest, we add it back to your principal every quarter. This means your money grows much faster, making it the perfect tool for long-term financial goals like education, marriage, or retirement.
Why Choose a Cash Certificate?
Maximum Yield
Because interest is compounded quarterly, your effective annualized yield is significantly higher than simple interest deposits.
Zero Maintenance
Invest once and forget it. No need to track monthly payouts or reinvestment options until maturity.
Senior Citizen Benefits
Senior citizens enjoy an additional interest rate premium, ensuring their retirement nest egg grows faster.
Cash Certificate FAQs
How is a Cash Certificate different from a Fixed Deposit?
In a standard Fixed Deposit, you can opt to receive interest payouts monthly or quarterly. In a Cash Certificate, the interest is strictly reinvested (compounded quarterly) and paid out only at maturity, yielding a higher overall return.
Can I get a loan against my Cash Certificate?
Yes, you can avail a loan up to 85% of the accrued value of your Cash Certificate in times of emergency, without having to break the deposit.
Is premature withdrawal allowed?
Yes, premature withdrawal is permitted, subject to applicable penalty rules and recalculation of interest as per the bank's term deposit guidelines.