Fixed Deposit Ahmedabad
Last Updated : Aug. 24, 2017, 11:56 a.m.
About Ahmedabad
Ahmedabad is the largest city of Gujarat in India. The city is located on the banks of Sabarmati river from the state capital of Gandhinagar. It is the second largest producer of cotton in India and its stock exchange is the country’s second oldest. The city’s economy owes its prosperity due to the extensive growth of numerous industries. It is also recognized as the “Manchester of East” with the presence of textile industry and the city is also popular for being the largest exporter of gemstones and jewelry. Ahmedabad also houses other renowned corporates such as Rasna, Wagh Bakri, Nirma, Cadila Pharmaceuticals, and Intas Biopharmaceuticals.
About Fixed Deposit
Fixed Deposit is a high-interest yielding time deposit which is offered by banks in India. It is the most trusted financial instrument which offers the higher interest rates as compared to savings account. The tenure of the FD varies from 7, 15 or 45 days to 1.5 years. The longest permissible tenure of fixed deposit is 10 years. The accumulated returns can only be withdrawn by the customer after the expiry of the maturity period. The time interval is an underlying factor behind yielding interest. The returns on FD are the secured ones as compared to any instrument linked with the stock market.
Fixed Deposit Ahmedabad 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
| 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 | FD Interest Rates |
|---|---|---|
| SBI | SBI Building, Bhadra, Lal Darwaja, Ahmedabad, Gujarat 380001 | 2.90% - 6.20% |
| Bank of Baroda | Gandhi Rd, Tankshal, Khadia, Ahmedabad, Gujarat 380001 | 2.90% - 6.30% |
| Bandhan Bank | 3rd Eye, Shop No. 3 & 4, C.G.Road, Near Cg Square Mall, Panchvati Cross Road, Ahmedabad, Gujarat 380006 | 3.00% - 5.75% |
| Canara Bank | I Floor, Dhananjay Towers, 100 FT Main Road, Satellite, Ahmedabad | 2.90% - 5.75% |
| HDFC Bank | Astral Tower, Navrangpura Cross Road, Mithakhali, Navrangpura, Ahmedabad, Gujarat 380009 | 2.50% - 6.25% |
| Allahabad Bank | Sthuli Bhadra Building, Reid Road, Maskati Market Ahmedabad - 380002 | 2.90% - 5.65% |
| Andhra Bank | Manilal Mansion, Railway Pura, Ahmedabad | 3.00% - 5.40% |
| Axis Bank | 3rd Eye One, 2ND FLOOR, Panchvati Circle, C G Road, Ahmedabad, Gujarat 38000 | 2.50% - 6.50% |
| ICICI Bank | Opp. State Bank of India, Surendra Mangaldas Rd, L Colony, Ambawadi, Ahmedabad, Gujarat 380006 | 2.50% - 6.30% |
| PNB | Chinubhai Building, Revdi Bazar, Ambika Center, Relief Road, Sakar Bazar, Kalupur, Ahmedabad, Gujarat 380002 | 2.90% - 5.75% |