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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 to75- 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 1995 Finance Bill Proposals introduced tax deduction at source (TDS) on fixed deposits on interest incomes of Rs.5000/- 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.

Required Documents ::

  • Identity Proof (Any one of following documents)
    Passport
    Driving License
    PAN Card
    Voter ID Card
    Defence / Govt  / ID Card
  • Address Proof (Any one of following documents)
    Passport
    Voter ID Card
    Ration 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