Fixed Deposit Jammu
Last Updated : Aug. 24, 2017, noon
About Jammu
Jammu is a winter capital of the state of Jammu & Kashmir. The presence of several small industries and woodgrain mills to cater to the local population make it the cultural and economic centre of the administrative division of Jammu. A large number of industries present here, produce a wide variety of products such as carpets and electronic goods. The tourism industry of Jammu is the largest in comparison to rest of the state. It is the centre of interest for the people going for holy pilgrimage.
About Fixed Deposit
The risk-free method of earning stable income is the investment in fixed deposits . These investments are made for a fixed period of time that ranges from 7 days to 10 years. The deposited amount can not be withdrawn before the term period of the deposit. The rate of interest is different on all tenures. There is a flexibility to book the deposit for the time period that well suits the financial requirement of the depositor. The depositor can even select the interest payout frequency and receive the same at regular intervals.
Fixed Deposit Jammu 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 | Red Cross Building, Kachi Chawn, Jammu and Kashmir 180001 | 2.90% - 6.20% |
| HDFC Bank | Jammu, Cb - 13, Rail Head Complex, Gandhinagar Bahu Plaza Jammu, Jammu, Jammu and Kashmir 180003 | 2.50% - 6.25% |
| ICICI Bank | Rudra Complex, Main Road, Sector-2 Channi Himmat, Jammu, Jammu and Kashmir 180015 | 2.50% - 6.30% |
| Axis Bank | Basement & Ground Floor, Khewat No. 118, Khasra No. 325, Gulab Singh Marg, Near Dogra Chowk, Jammu, Jammu and Kashmir 180001 | 2.50% - 6.50% |
| Punjab National Bank | Shastri Nagar, Sanjay Nagar, Jammu, Jammu and Kashmir 180004 | 2.90% - 5.75% |
| Bank of India | Residency Rd, Raghunath Bazar, Pakki Dhaki, Resham Ghar Colony, Jammu, Jammu and Kashmir 180001 | 2.85% - 5.55% |
| Bank of Baroda | 227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, 751 006 | 2.90% - 6.30% |
| Central Bank Of India | Near Poonch House, Talab Tillo, Jammu, Jammu and Kashmir 180002 | 2.75% - 5.50% |
| Jammu & Kashmir Bank | Main Bazar Akhnoor, Jammu Jammu And Kashmir751013 | 3.00% - 5.80% |
| IDBI Bank | 222 - 225, City Centre, IIND Floor Begum Bridge Road | 2.90% - 5.90% |
