Fixed Deposit
The account which is opened for a particular fixed period by depositing a particular amount. Bank will provide investors with a higher rate of interest until the maturity date.
Tenure: From 15 days to 2 years
Interest Rate: 5% to 9% per annum depending on the amount and tenure.
Minimum Deposit : ₹1,000, No higher limit.
Premature Withdrawal: Allowed (1% deduction on running period interest rate).
Loan Against FD : Available against FD (85% of FD Amount)
Senior Citizen Benefits: Extra 0.50% interest
Interest Payout options: Monthly, Quarterly, Half-Yearly, Yearly, or on Maturity.
Nomination Facility : Available.
Auto-Renewal Option: Auto renewal on demand.
Documents Required (KYC)
1. Proof of Identity (any one): Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
2.Proof of Address (any one):Aadhaar Card, Utility bill (electricity bill, water bill etc.), Passport
3.Passport-size photographs (2 No’s)
4.PAN Card or Form 60
5.In case of minors: Birth certificate and guardian’s documents