Fixed Deposit (FD) is an investment option given to an individual to place his savings in a fixed term with short term maturities ranging from a minimum of one month to a maximum of five years in general. A Customer is given an opportunity to withdraw the funds upon maturity or have it renewed automatically for the same period. If the duration of the FD is placed requires changing, the Customer could provide new instructions at the renewal. Once the FD is placed, a Customer shall be given a FD confirmation as security. A Customer could also uplift the FD anytime with a prorated interest earning. However, a penalty fee will be charged from a Customer in the event of early termination of the deposit.