Minimum amount to invest: Rs 50,000
MUR Fixed Deposit
Open a fixed deposit account with us today to enjoy higher interest rates and a secure and regular income. We give you the flexibility to choose your tenor, between fixed and floating rates and decide if you prefer your interest paid monthly, quarterly, half-yearly or annually.
All you need to know about Bank One Fixed Deposits
Tenor between 12 to 60 months
Interest payable monthly, quarterly, half-yearly, yearly or at maturity
Preferential interest rates available for senior citizens
Can be used as guarantee for banking facilities
FAQs
Why invest in a Fixed Deposit?
Fixed deposits are one of the best ways to grow your savings faster whilst protecting your money. Why? They carry higher interest rates than regular savings accounts. They are also a more secure option compared to stocks, bonds, or mutual funds as they offer capital protection and guaranteed returns. This is because the bank takes a commitment to pay interest over an agreed period, regardless of prevailing market conditions.
When can I cash out my Fixed Deposit?
To take advantage of the full rate of interest on your investment, it is best to keep your fixed deposit in the bank for the agreed length of time. However, you can cash out your Fixed Deposit anytime in the event of an emergency, but charges would then apply.
How often will I receive interest on my Fixed Deposit?
Bank One’s Fixed Deposit offers you the flexibility to choose between monthly, quarterly, half-yearly, yearly payouts or the full payment at maturity. Your total earnings will vary depending on the payout frequency that you choose. If you are looking for regular income, monthly interest payments are the preferred option. On the other hand, if you are looking to maximize your return, choose payment at maturity and enjoy the full benefit of earning interest on interest.
Documents required
FIXED DEPOSIT CALCULATORFind out what you could earn
Depending on market conditions, your rate of interest will either go up or down.
If you begin today, 17 September 2024
A minimum deposit of Rs 50,000 is required.
Disclaimers: The information, which you calculate from this simulator, is intended for use by you as a guide only, it is not an offer and has no legal effect. Bank One accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator.