ING Vysya FD Details (zero pre-closure charges with ING FD+)

by Narendra Pratap Job Seeker

Fixed Deposits are the man’s most favorite investment as you get a certain fixed amount of interest with no volatility and fluctuations, keeping you at the safest side of investment. This is one among the most demanded sort of investment where, you’ll keep your money invested with a bank for a fixed tenure on a fixed interest rate which keeps on adding in your initial deposit amount.

There are several banks and financial institutions who offers fixed deposits at competitive rates with various variants and features. One among them is ING Vyasa bank who offers around 4 kinds of variants in its Fixed deposits Category. Let’s hear out for ING Vyasa Fixed deposits:

1.     ING Vyasa Fixed deposits: This is the normal variant which is applicable for majorly all types of individuals including sole proprietors, partnership firms, HUF, minor etc., gives an opportunity to invest in fixed term at fixed interest rates (Higher term fetches higher interest rates). If a person wants to withdraw money, he/she are eligible by paying a penalty of just 1.00%. The interest can be withdrawn through DD/PO/SB account transfer either monthly, quarterly or yearly as per choice, the tenor generally varies from 7 days to 10 years. And there is a loan facility also, which can be taken on fixed deposit amount, maximum of 95% of FD amount at interest rate more than 2.00% on existing FD rate.

2.     ING Vyasa Active Deposits: This is a new generation fixed deposit which will offer you a facility of withdrawing money from the fixed deposit in case of emergency through ATM’s, cheques, Fund transfers, POS. The available limit for withdrawing is 90% of the balance amount in fixed deposit. Whatever you withdraw, the interest on that will be added in your savings account and the balance amount will be converted into an FD at the original rate. This facility is provided for free by the bank. The tenor for the deposit ranges from 7 days to 10 years and the interest rates are following:

ü        For 7 days to 15 days                   :            4.00%

ü For 16 days to 30 days                  :            5.00%

ü      For 31 days to 60 days                  :            5.50%

ü     For 61 days to 91 days                  :            8.64%

ü    For 92 days to 364 days                :            8.70%

ü    For 365 days                                :             9.25%

ü   For 366 days to 1095 days              :             9.25%

ü  For 1995 days to less than 5 years  :             9.00%

ü  For 5 years to 10 years                   :             8.50%

Note: The above rates are subject to change.

1.     ING Vyasa FD Plus:

ING Vyasa FD plus provides flat rate of interest of 9.25% on minimum investment of Rs 10,000 and maximum of Rs 15,00,000. The main feature of this type of FD is that it doesn't have any pre closure charges. One can withdraw their money from the FD by paying just zero amount as penalty. And one more advantage is that one can book this facility or FD through SMS and phone also. Isn’t it convenient and attractive?

 

2.     ING Vyasa Tax advantage deposits: This type of investment mainly focuses on your Tax exemption under 80 C. As low as Rs 5000 and as high as Rs 1.5 lakh (as per the new budget 2014-15) is exempted from tax every year in terms of this scheme. The maximum duration is 5 years with no facility of pre closure and withdrawal before the end of 5 years. The regular rate on FD’s for 5 years will be applicable. There is an auto renewal facility and Reinvestment facility available for this scheme.

So, these are the ING Vyasa Fixed deposits variants available in the market with full of good features and interesting rate of interests. Our main focus is to get all of you acquainted with ING Vyasa FD+, which offers the rate that is best in the industry with an unbelievable facility of zero pre closure charges. This is a product which certainly requires an applaud. Everybody of us is going to be benefited with this type of FD product available in the market. So, why don’t you guys join it? Go ahead and grab this opportunity!

 

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Dec 31st 1969 18:00. Viewed 0 times.

Comments