Fixed Deposit Account (FD)

A fixed amount is deposited for a fixed period of time and generally withdrawable both the principal and interest on maturity.

The interest provided depends on the duration for which the client is opening the FD account.

Key points to know about Fixed Deposits:
A savings account is required to open a fixed deposit account.
The interest rate depends on the length of the FD term.
Upon maturity, the amount is credited directly to the savings or current account.
The minimum amount is 10,000 and interest is credited monthly.

For pre- closure of FD:
i)No interest will be paid if the FD is pre-closed within 3 months.
ii)If the FD is pre-closed after 3 months but before maturity, the rate of interest is 1% less than the prevailing rate for the tenure the deposit has completed or savings rate whichever is higher.

Eligibility
Any customer eligible to open a Current or a Savings Account with the Bank is eligible to open a Fixed Deposit account
By parent/guardian on behalf of a minor.
By two or more persons, to be operated either singly by anyone of them or jointly by both/ all of them.
By un-registered groups, clubs and associations.

Eligibility
Any customer eligible to open a Current or a Savings Account with the Bank is eligible to open a Fixed Deposit account
By parent/guardian on behalf of a minor.
By two or more persons, to be operated either singly by anyone of them or jointly by both/ all of them.
Sole proprietorships, firms, partnerships, private/public limited companies and government institutions/agencies are also eligible to open fixed deposit accounts under Corporate Fixed Deposits/ Steady Income Plan.

Tenure	Minimum Amount
Minimum 91 days	Minimum amount = 10,000
Maximum 10 years	Maximum amount = No limit

Requirements

For Individual

Copy of Citizenship ID Card
Two Passport sized photograph
Legal stamps

For Minors

Copy of Citizenship ID Card of the parent or guardian
Two passport-sized photographs of the guardian
Health card of the minor

Interest Rate

Here are the interest rates based on the duration:

Minimum Term: > 1 Year

SL.NO	Time Period	Rate (p.a)
1	> 1 Year <= 2 Years	6.50%
2	> 2 Year <= 3 Years	7.25%
3	> 3 Years <= 4 Years	7.50%
4	> 4 Years <= 5 Years	7.75%
5	> 5 years <= 6 Years	7.75%
6	> 6 Years <= 7 Years	8.00%
7	> 7 Years <= 8 Years	8.25%
8	> 8 Years <= 9 Years	8.25%
9	> 9 Years <= 10 Years	8.50%
10	> 10 Years	9.00%

Fixed Deposit Account

Fixed Deposit Account (FD)

Key points to know about Fixed Deposits:

For pre- closure of FD:

Eligibility

Eligibility

Requirements

For Individual

For Minors

Interest Rate

Fixed Deposit Calculator

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