Fixed Deposit New Delhi
Last Updated : Aug. 24, 2017, 12:01 p.m.
About New Delhi
New Delhi is the national capital city of India and also its one of the union territory. Historically, Delhi has served as a capital of many kingdoms and empires. Delhi has thriving job opportunities to people coming from different parts of India irrespective of language, caste, culture, and religion. The capital city is also known as the largest commercial centre in northern India. The city records its gross state domestic product to be $ 370 billion.
Connaught Place, the leading North India’s largest commercial and financial centre is situated in northern part of Delhi. Adjoining areas such as Barakhamba Road, ITO are also major commercial centres. The core service industries such as information technology, telecommunications, hotels, banking, media, and tourism have their landmarks with an objective to find its avenue of growth in Delhi.
About Fixed Deposit
Fixed deposit is a widely preferred choice among customers to park their money as it offers safe custody of the returns generated over a fixed period of time. The principal amount along with returns are guaranteed to be delivered to the customer upon maturity. The time interval is an underlying factor behind the accumulation of interest. If your total interest on fixed deposit exceeds ₹ 10,000 in a financial year, then you are liable to pay taxes thereon. The compounding principle starts working from the day you employ your money on fixed deposit at your chosen interest rate and tenure. Upon maturity, FDs tend to be put into auto-renewal mode as followed by many banks but still you have the choice to withdraw your interest in your savings bank account and continue with the principal amount for another tenure.
Fixed Deposit New Delhi 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
Individuals
Hindu Undivided Families (HUFs)
Minor represented by parents/guardian
Guardian on behalf of societies, clubs, trusts and associations
Associations
Clubs
Trusts
Sole proprietorship firms
Partnership firms
Limited Companies
Documents Required For The Fixed Deposit Delhi
| 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
| Bank Name | Main Branch Address | Interest Rate |
|---|---|---|
| SBI | 11, Sansad Marg, New-Delhi- 110001 | 2.90% - 6.20% |
| Bank of Baroda | Asaf Ali RD, Jeevan Vikas Bhawan, 30/31 A,New Delhi - 110002 | 2.90% - 6.30% |
| Bandhan Bank | Ground Floor, L-12, Kalkaji, New Delhi, Pin -110019 | 3.00% - 5.75% |
| Canara Bank | F 19, Connaught Circus, New Delhi - 110001 | 2.90% - 5.75% |
| HDFC Bank | H-69, Outer circle, Connaught place, New-Delhi- 110001 | 2.50% - 6.25% |
| Allahabad Bank | 72 - 79, Scindia House Janpath New Delhi, Pin: 110001 | 2.90% - 5.65% |
| Andhra Bank | Preet Vihar, New Delhi-110092 | 3.00% - 5.40% |
| Axis Bank | Statesman House, 148 Barakhamba Road, New Delhi- 110001 | 2.50% - 6.50% |
| ICICI Bank | Mohata Building, Bhikaji Cama Place, New Delhi- 110066 | 2.50% - 6.30% |
| PNB | 7, Bhikaji Cama Place, New-Delhi- 110607 | 2.90% - 5.75% |
