Fixed Deposit

What is Fixed Deposit ?
A fixed deposit is meant for those investors who want to deposit a lump sum of money for a fixed period; say for a minimum period of 15 days to ten years, thereby earning a higher rate of interest in return. Investor gets a lump sum (principal + interest) at the maturity of the deposit.

Bank's fixed deposit scheme is one of the most common savings scheme for an average investor. Fixed deposit also gives a higher rate of interest than a savings bank account. Some of the facilities offered by bank on fixed deposit are overdraft (loan) facility on the amount deposited, premature withdrawal before maturity period (which involves a loss of interest) etc. Bank deposits are fairly safer because banks are subject to under control of the Reserve Bank of India.

Why Fixed Deposit with Us ?
Bank deposits are the safest investment after Post office savings because all bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India. It is possible to get a loans up to 75- 90% of the deposit amount from banks against fixed deposit receipts. The interest charged will be 1% more than the rate of interest earned by the depositers. The Finance Bill Proposals introduced tax deduction at source (TDS) on fixed deposits on interest incomes of Rs.40000/- and above per annum. We give best interest rate on fixed deposit as under.
 

INTEREST RATE FOR FIXED DEPOSIT
Click Here to view interest rate based on investment period.

► Identity Proof (Any one of following documents)

⇒ Aadhar Card

⇒ Passport

⇒ Driving License

⇒ PAN Card

⇒ Voter ID Card

⇒ Defence / Govt / ID Card

►  Address Proof (Any one of following documents)

⇒ Aadhar Card

⇒ Passport

⇒ Ration Card

⇒ Voter ID Card

⇒ Electricity/Telephone/Mobile Bill

⇒ ​​​​​​​ Life Insurance Policy /Premium Receipts

⇒ ​​​​​​​ House Lease Agreement

⇒ ​​​​​​​ Employer's Letter in case of Pvt. & Public Ltd. Company.

⇒ ​​​​​​​ Passport Size Photograph

⇒ ​​​​​​​ Specimen Card

⇒ ​​​​​​​ Application Forms for Fixed Deposit

► V.No.176 Ho & Br

► Account Opening Form

15G Form

15H Form