Yearly Deposit Accounts are the similar to term deposit accounts or fixed deposit accounts. Customers can deposit their money by opening several types to yearly accounts varying from one year to 18 years deposit accounts.
This type of account is very much helpful for those having long term plan as wedding of daughters, studying high costing studies like Medicine and Engineering etc where huge amount is required to convert the dream in to reality.
Six years yearly deposit account among several types of yearly deposit account is one of the best way to double your cash as it facilitates you to receive two hundred percentage after accomplishing six years. It means if a customer deposits one lakh for six year then he/she will receive two lakh after the completion of sixth year.