The FICS Fixed Deposit is a short-term investment for a period of one year. A lump sum is deposited and accumulates interest during that period.
Terms and Conditions
If funds are withdrawn within 6 months, no interest is payable.
If funds are withdrawn after six months, but before the maturity date, the interest rate shall be at the discretion of FICS.
Interest is adjusted downward if withdrawn before the expiry date.