Fixed Deposit Ahmedabad

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 The accumulated returns can only be withdrawn by the customer after the expiry of the maturity period.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% - 8.10%

Minimum Investment Amount₹ 1,000
Tenure7 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 ConcernID 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
TrustsCopy 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/ClubsBy-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 FirmPartnership 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 CompaniesBoard 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 NameMain Branch AddressInterest Rate
SBI SBI Building, Bhadra, Lal Darwaja, Ahmedabad, Gujarat 3800015.75% - 7.35%
Bank of BarodaGandhi Rd, Tankshal, Khadia, Ahmedabad, Gujarat 3800014.00% - 6.85%
Bandhan Bank3rd Eye, Shop No. 3 & 4, C.G.Road, Near Cg Square Mall, Panchvati Cross Road, Ahmedabad, Gujarat 3800063.50% - 7.40%
Canara BankI Floor, Dhananjay Towers, 100 FT Main Road, Satellite, Ahmedabad4.20% - 8.44%
HDFC Bank Astral Tower, Navrangpura Cross Road, Mithakhali, Navrangpura, Ahmedabad, Gujarat 3800093.50% - 7.75%
Allahabad BankSthuli Bhadra Building, Reid Road, Maskati Market Ahmedabad - 3800024.00% - 6.60%
Andhra BankManilal Mansion, Railway Pura, Ahmedabad4.00% - 7.00%
Axis Bank3rd Eye One, 2ND FLOOR, Panchvati Circle, C G Road, Ahmedabad, Gujarat 380003.50% - 7.95%
ICICI BankOpp. State Bank of India, Surendra Mangaldas Rd, L Colony, Ambawadi, Ahmedabad, Gujarat 3800064.00% - 7.55%
PNBChinubhai Building, Revdi Bazar, Ambika Center, Relief Road, Sakar Bazar, Kalupur, Ahmedabad, Gujarat 3800025.70% - 7.41%

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