Fixed Deposit Guwahati
Last Updated : Aug. 24, 2017, 11:59 a.m.
About Guwahati
The largest city of Assam and entire north-eastern India, Guwahati is a major riverine port city. It is amongst the fastest emerging cities in India. The significant economic activity of the city is the manufacturing of petroleum. The tea manufacturing and processing is another major activity done in the town. While manufacturing sector played a substantial role in the development of the city, many centralised, private and international banks have set up their branches here.
About Fixed Deposit
Fixed Deposit is a preferable investment option because it is the easiest and safest method to fetch great returns on the money presently not in the transaction. The depositor receives the advantage of regular income in the form of interest. This interest is rolled out either at the time of maturity of the plan or at the intervals determined by the depositor. The depositor can even reinvest the interest amount to yield higher returns. The time period of these term deposits is flexible and ranges from 7 days to a decade.
Fixed Deposit Guwahati in a nutshell
| Particulars | Details |
|---|---|
| Interest Rate | 3.00% - 9.25% |
| Minimum Investment Amount | ₹ 1,000 |
| Tenure | 7 days – 10 years |
Fixed Deposit Eligibility Criteria
Following are the entities which are eligible for availing fixed deposit schemes:
Individuals
Hindu Undivided Families (HUFs)
Minor represented by parents/guardian
Associations
Clubs
Trusts
Sole proprietorship firms
Partnership firms
Limited Companies
Documents Required For The Fixed Deposit
| Category | Documents |
|---|---|
| An Individual, Hindu Undivided Family, Sole Proprietorship Concern | ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque, A photograph |
| Trusts | Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the account |
| Associations/Clubs | By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account |
| Partnership Firm | Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account |
| Public or Private Limited Companies | Board Resolution / Authority Letter Memorandum & Articles of Association Certificate of Incorporation Certificate of Commencement of Business (Public Limited Company) Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC Governing Act / Rules and Regulations(PSUs) (certified true copy) |
Top Banks Fixed Deposit Interest Rate and Address
| Banks Name | Main Branch Address | Rate of Interest |
|---|---|---|
| State Bank Of India | Pan Bazar, Guwahati, Assam- 781001 | 2.90% - 6.20% |
| HDFC Bank | HDFC Bank Ltd, Quality Initiative Group, 2nd Floor, Build Well Compound Between Darwin School and NEPPCO Bhawan R G Baruah Road Guwahati, Assam-781005 | 2.50% - 6.25% |
| ICICI Bank | ICICI Bank Ltd, Ohio Shopping Complex, Fancy Bazar, M.G.Road, Guwahati, Assam-781001 | 2.50% - 6.30% |
| Axis Bank | Administrative Office, Chibber House, 3rd Floor, G S Road, Guwahati. Assam-781 005 | 2.50% - 6.50% |
| Punjab National Bank | Nilgiri Mansion, Bhangagarh, G S Road, Guwahati, Assam-781005 | 2.90% - 5.75% |
| Bank of India | Saikia Commercial Complex, G.S.Road, Srinagar, Guwahati, Assam-781 005 | 2.85% - 5.55% |
| Bank of Baroda | G.S. Road, Bhangagarh, Guwahati, Assam-781005 | 2.90% - 6.30% |
| Central Bank Of India | G.S. Road, Central Bank of India Building, Bhangagarh, Guwahati, Assam-781005 | 2.75% - 5.50% |
| IDBI Bank | Kashi Place Complex, Daak Bungalow Road, OPP Heera Place, Patna | 2.90% - 5.90% |
| Union Bank of India | Kamrup Chamber Road, Fancy Bazar, Post Box No. 56, Taluka - Guwahati, Dist.Kamrup, Assam, Pin - 781001 | 5.00% - 7.25% p.a. |
