FirstRand Bank Interest Rates

FirstRand Bank Interest Rates

As you know that a Fixed Deposit (FD) is an investment option offered by banks that gives you a higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to the higher returns offered by it.

Firstrand Bank Limited FD provides an option to deposit lump-sum amounts for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Firstrand Bank Limited FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Firstrand Bank Limited_ FD, it will start earning an interest based on the tenure of the deposit. Customer is allowed to deposit lump sum money into a fixed deposit only once into his FD account at the time of opening the account with the bank and afterwards he cannot deposit additional money in the same FD account.

You can also get tax benefits under section 80C of the Income Tax Act on an amount between Rs. 100 to 1.5 lakh by investing in Firstrand Bank Limited FD for a tenure of 5 years or more.

The following table provides you with Firstrand Bank Limited FD Rates of various tenors. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Firstrand Bank Limited FD for different tenures by clicking on the “calculate” button provided in the table.