Deposit Schemes

  1. Schemes
  2. Deposit Schemes

Fixed Deposit Receipt (FDR)

Non-cumulative term deposit where simple interest is paid.

 

ELIGIBILITY

  • Resident Individuals (sole or joint account)
  • Hindu Undivided Families.
  • Minor through parents/guardian.
  • Sole Proprietorship Concerns, Partnership Firms
  • Private and Public Limited Companies
  • Associations, Clubs, Societies, Trusts etc.
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    FEATURES & BENEFITS

  • Deposit Amount:Rs. 100/- and above.
  • Tenure: 7 days to 10 years.
  • Interest rate: Fixed.
  • Interest application: Simple Interest.
  • Interest payouts: Quarterly.
  • Add-ons: Loan facility available.
  • Premature withdrawal: Allowed with penalty.
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    DOCUMENTATION

  • Filled in Application Form.
  • Photograph of depositor/s (2 copies)
  • Officially Valid Documents as per KYC Norms
  • PAN Card or Form 60 or 61
  • Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF’s etc
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    RATE OF INTEREST

    Click here for rate of Interest

     

     

    TDS

  • TDS at prevalent rate is deducted at source if Form 15G/15H not submitted.