Scheme
Short-Term Fixed Deposit
A Short-Term Fixed Deposit is a safe investment option designed for customers who want secure and quick returns over a short duration. It is ideal for temporarily parking surplus funds while earning guaranteed interest. With GK, you can choose flexible tenures ranging from 31 to 364 days.
Why Choose Fixed Deposits with GK?
- Flexible Investment Periods – Start investing from as short as 31 days
- Low Minimum Deposit – Begin with just ₹20,000
- Safe & Assured Returns – No market risk
- Senior Citizen Benefits – Additional 0.50% interest per annum
- Higher Interest Rates – Better returns than many banks & NBFCs
- Multiple Options – Short-Term Fixed Deposit & Fixed Deposit available.
Interest Rate: Regular: 6.5% to 8%; Senior citizens: 7% to 8.5%
Minimum Deposit: Minimum deposit of ₹20,000
Key features
- Eligibility: Open to everyone - individuals, minors (through a guardian), and senior citizens.
- Tenure: Minimum 31 days; maximum 364 days.
- Loan against deposit: This facility is available with respect to the terms and conditions.
Need assistance?
Our team can help you choose the right scheme and explain returns, tenure, and eligibility.
Talk to usInterest Rate Summary
| Deposit Type | Tenure | Regular Interest | Senior Citizen Interest |
|---|---|---|---|
| Short-Term FD | 31-180 days | 6.5% | 7.0% |
| Short-Term FD | 181-364 days | 8.0% | 8.5% |
FAQs
What is a Short-Term Fixed Deposit (SFD)?
A Short-Term Fixed Deposit is a secure investment option that allows you to earn guaranteed returns over a short period, ranging from 31 to 364 days.
Who is eligible to open a Short-Term Fixed Deposit?
SFD is open to all individuals, including minors (through a guardian) and senior citizens.
Can I take a loan against my fixed deposit?
Yes, a loan facility is available against your deposit, subject to applicable terms and conditions.
Do senior citizens get special interest rates?
Yes. Senior citizens receive higher interest rates compared to regular customers.
Visit your nearest branch of Godavari Krishna Co-Operative Society
Contact us today to open your Short-Term Fixed Deposit account: 1800 88 99 570