Fixed Deposits

Fixed Deposits (FD) are deposits accepted by banks for a specified period of time. To suit the needs of the customers, the bank have introduced variations in maturity period of the FDs. In terms of RBI directives the minimum period for which term deposits can be accepted is 15 days. The banks generally do not accept deposits for periods longer than 10 years.

Eligibility for opening of Fixed Deposit A/C

Resident Individuals
Sole Proprietorship Firms
Partnership Firms
Limited Companies
Trust Accounts
Association / Clubs / Societies

How to open

Should submit the dully filled & signed Account opening form along with;
Specimen Signature.
Photograph of the operator.
ID proof of operator as per KYC norms.( (a) Passport (b) Ration card containing Photograph (c) Driving License (d) PAN card (e) Voters Identity card (f) Unique Identity card issued by the Government of India.)
Address proof.
Business proof from panchayath/ partnership deed / trust deed/ Articles of association / Registration Certificate / byelaws / minutes copy / authorisation letter
Proper introduction
PAN card copy for deposits more than ` 50000/-
Initial deposit

Facilities

Nomination facility is available on FD A/cs
The Bank allows loan to the depositors up on the security of the FDs at a maximum amount of 90% of the amount deposited. For more details about deposit loans please visit the page ‘ deposit loan ’ in this site.
Standing instruction facility such as transferring the interests monthly/quarterly to a particular SB/Current Account and transferring the matured FD to a particular account would be entertained

Interest Rates

The Bank will provide interest for the fixed deposits kept, according to their maturity periods. Please visit the page of Interest rate on deposits.