My Fixed Deposit

Our attractive deposit taking interest rates are linked with the amount invested. In other words, the more you save, the more you earn.

Additionally, the period of your deposits and the frequency of interest payments can be tailored to suit your needs.

Here's what you can expect

Features

Opening a Deposit Account
Opening your account is easy. You can start with only Rs 10,000. You can either call in person at SICOM Financial Services Ltd or simply call us on 203 8420 for an appointment with one of our officers.

Paying money in
A deposit can be made either in cash(not exceeding Rs 500,000), or by an office cheque drawn in favour of SICOM Financial Services Ltd.

(Terms and conditions apply)

Request more information

By filling in this form, you agree that you have read and understood SICOM Group's Terms of Use & Privacy Policy , which describes how we collect, use, store and disclose your personal data, and you consent to such collection, use, storage and disclosure.

This product is offered by SICOM Financial Services Ltd (BRN: C07023531)

Fixed Deposit Main Rates
Period (month)
Maturity %
3
1.50%
6
2.00%
12
2.50%
24
2.75%
36
3.00%
48
3.25%
60
3.50%

Useful Info

  • Eligibility

We accept deposits from both Individuals and Corporate.

 

Individuals can open single and joint accounts. Accounts can also be opened on behalf of a minor. Individuals living abroad can also place their money on deposit through their local representative

  • Required Documents

Individuals

  • Certified copy of either of the following: national identity card, current valid passport or current driving license
  • Certified copy or original of either of the following: recent utility bill, recent bank/credit card statement or a recent bank reference
  • In case of joint application, (1) and (2) listed above are required for both applicants
  • A certified copy of birth certificate is required for minors
  • Evidence of Source of Fund

 

Corporate

  • National Identity Card/ Current valid passports/ Current valid driving licenses/ Other identity card
  • Original or appropriately certified Certificate of Incorporation or Registration
  • Certificate of current standing from the Registrar

If employees are authorised to open and operate accounts on behalf of the company.

  • Clear copy of ID of employees having the above authority
  • A certified copy of the resolution of the Board of Directors or managing body granting the necessary power of attorney to employees to open and operate accounts on their behalf
  • Last audited financial accounts and reports
  • Company Secretary's letter listing the Directors and Shareholders' names and addresses
  • Full identity of and proof of address of directors/authorized signatories
  • Full identity of and proof of address of beneficial owners and shareholders   
  • FAQ

What is the minimum amount of deposit that is accepted?

The minimum amount that can be deposited is Rs10,000.

 

Is the interest rate fixed or variable?

The interest rate remains fixed throughout the whole term of the deposit.

 

Is there any penalty if I want to withdraw my deposit before term?

In case of early withdrawal of your deposit, the interest rate will be re-calculated at the prevailing savings rate or the rate which was applicable for the time period from which the deposit was placed until it is cancelled, whichever is the lower

Need more help?

Call Us on:

203 8420

Mail Us at:

sfsl@sicom.intnet.mu