- Any Resident or NRI customer can open the Millionaire FSF (Federal Savings Fund) deposit.
- Monthly installments can be made to this deposit by transfer from your SB or SBNRE account.
- Facility to register standing instruction from your existing SB or SBNRE account also.
- Installments are made from a part of your savings, in small amounts and hence it will not disrupt your financial planning.
- Loan facility against the balance in account
- 100% Tax Free
- Freely Repatriable for NRI customers
- Premature withdrawal allowed, no interest will be paid before completion of 1 year for NRE Deposits.
Calculate how much you need to remit per month
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- Customer Care - (toll free in India) 1800-420-1199 or 1800-425-1199. From abroad +91-484-2630994
- NRE customers can contact Abu Dhabi representative office
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A Rs. 1 million corpus* can be created by investing the following sums monthly:
|Period||Monthly Instalment*||Maturity Amount (Rs)|
|10 Year||5222||1 Million|
|9 Year||6095||1 Million|
|8 Year||7198||1 Million|
|7 Year||8630||1 Million|
|6 Year||10556||1 Million|
|5 Year||13272||1 Million|
|4 Year||17372||1 Million|
|3 Year||24240||1 Million|
* Calculated based on present interest rates for Fixed deposits.