Fixed Deposit Lucknow
Last Updated : Aug. 24, 2017, 12:01 p.m.
About Lucknow
Lucknow is a major metropolitan city of India. Known as the land of Nawabs, it is among the top 15 cities of India by GDP. It is the sixth largest job-creating cities. Formerly, Lucknow’s economy was based on the tertiary sector with majority of the workforce engaged in government jobs. There are few large-scale industries in the city. With IT industries setting a firm ground in the soil it has become a hub of IT industry as well. Even the textile industry is on the bloom. The manufacturing, processing and medical industries have also contributed to the economic growth of the place.
About Fixed Deposit
In Fixed Deposit , the interest rates vary according to the tenure of deposit. The candidates can select the investment period that suits their financial requirement the most. Also, there is no predetermined maximum investment limit. So, the holder is free to deposit as much he/she desires to. The return is calculated on the deposited amount and is rolled out either at the maturity of the plan or at the frequency determined by the depositor. The holder can renew the deposit if he/she doesn’t require the amount instantly.
Fixed Deposit Lucknow 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 | Tarawali Kothi Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh-226001 | 2.90% - 6.20% |
| HDFC Bank | HDFC Bank Ltd., 31/31 M.G Road Hazratganj, Lucknow, Uttar Pradesh-226001 | 2.50% - 6.25% |
| ICICI Bank | No. 14A, Shakutalam Plaza, Kanpur Road, Bara Birwa, Alambagh, Lucknow, Uttar Pradesh-226005 | 2.50% - 6.30% |
| Axis Bank | Halwasiya House,11 M.G. Marg,Hazratganj, Lucknow, Uttar Pradesh-226001 | 2.50% - 6.50% |
| Punjab National Bank | 4, Vibhuti Khand, Opp Picup Building, Gomti Nagar, Lucknow, Uttar Pradesh-226010 | 2.90% - 5.75% |
| Bank of India | Star House, Vibhuti Khand, Gomti Nagar, Lucknow, Uttar Pradesh-226010 | 2.85% - 5.55% |
| Canara Bank | 39, Aditya Bhavan, Aminabad, Lucknow 226018 | 2.90% - 5.75% |
| Central Bank Of India | P.B. No-10, Akash Deep, 23, Vidhan Sabha Road DIST- Lucknow, Uttar Pradesh-226001 | 2.75% - 5.50% |
| IDBI Bank | IDBI Bank, 3rd Floor, Regional Office, Kisan Sahkari Bhavan, 2 M.G Marg, Hazratganj, Lucknow, Uttar Pradesh- 226001 | 2.90% - 5.90% |
| Yes Bank | Ground Floor, Shop No. 12, Tulsi Complex, Rani Laxmibai Marg, Hazratganj, Lucknow, Uttar Pradesh 226001 | 3.25% - 7.25% |
