How does SIP in FDs work?
SIPs allow you to book Fixed deposits automatically and get guaranteed returns. You have the flexibility to choose SIP amount, frequency, date and cutoff interest rate. On the scheduled SIP day, a new FD is booked of the selected tenure. The interest rate for each deposit is equal to the interest rate offered by Shivalik Bank on the day of SIP for the selected tenure. You can edit, pause, stop aur skip an SIP anytime.