― What Scheme Mean? ∙ A bank Deposit is also known as fixed or term deposit,which can be opened by account holders to earn better interest compared to the interest the account balance earn in a saving bank account. ∙ Eligibility ∙ Need to Resident Of India with a saving bank account. ∙ Entry Age ∙ Need to be above 18years. ∙ Minors with natural guardian. ∙ Investment ∙ Minimum:rs 1000 per annum ∙ Maximum:No Limit ∙ Deposits [...].