What do I need to know about India International Bank Fixed Deposits?
Fixed Deposits from India International Bank offer a higher rate of interest than conventional savings account. The term of investment is decided by you, the longer you commit the more money you'll earn from interest. Don't forget, Fixed means Fixed, once your account is opened you'll not be able to withdraw funds until the deposit term reaches maturity.
It's easy to get started, you can place your money for as long as sixty months with relatively small initial deposit. If you're looking for a short-term FD, you'll need to deposit a minimum of RM5000 for one month's tenure.
Tell me more about the India International Bank Berhad?
India International Bank Berhad is a locally incorporated Commercial Bank created through a joint venture between three Indian Government-owned banking institutions.
Is this fixed deposit protected by PIDM as well?
Yes, this FD product is protected by PIDM.