A new fixed deposit scheme is launched by ING Vysya Bank which offers higher interest rate of up to 9.5 per cent per annum on deposits of one year.
ING FD+ is applicable for deposits of Rs. 15 lakh and partial withdrawal of deposit in units of Re 1 is also available to customers as per their requirements.
According to scheme, customers can also link their deposits to their savings account and activate automatic sweep of funds from FD, when required. Hence, cash can be withdrawn from ATMs or cheques in case of shortfall in the savings account.
Uday Sareen, Country Head - Retail ING Vysya Bank said: "You may avail the product through a simple SMS, access money from your FD from an ATM, and not get penalized for any premature withdrawals."
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