MRFD cushions you against downward  changes in the interest rate and at the same time yields increased interest income when rates  move upwards. 

You are guaranteed a minimum interest of 5% and a maximum of 15% p.a. 

A long term deposit, this is an innovative investment instrument available only at BOC linked  to Central Bank’s Reverse  Repurchase Agreements (REPO) and changes with the REPO  Rate fluctuations.

Minimum investment is Rs. 250,000/-
You can increase your investment  by multiples of Rs. 50,000/-

Tenor  - 2 to 5 years