FD Interest Rates 2024

Fixed Deposit Bengaluru

Fixed Deposit Bengaluru

Last Updated : Aug. 24, 2017, 11:56 a.m.

About Bengaluru

Bengaluru is the capital of Karnataka in India. It is a referred to as “Silicon Valley of India” or “IT Capital of India” due to its proactive role in being the nation’s IT exporter. Bengaluru is the second fastest growing metropolitan city in India. The city also ranks fourth in India by its overall GDP contribution, valued at $ 83 billion. After IT hub, the city endeavours to emerge itself being the dedicated facility center for companies in financial services. Moreover, 70% of all the major rose exports falls in the lap of Bengaluru from India and the city is known to be the leader in the floriculture business.

About Fixed Deposit

Fixed Deposit is a safe instrument widely preferred by customers so as to protect their principal amount along with interest generated thereon. The time interval is a governing factor behind yielding of interest. There are varying time intervals on FD which ranges from 7, 15 or 45 days to 1.5 year and the longest being 10 years. FD offers higher interest rate as compared to savings account. If a customer chooses the FD for different time periods at different amount, the liquidity tend to vary accordingly. On maturity, if the customer wishes to reinvest it further then the amount gets cumulated in accordance to the previous interest and principal amount added thereon.

Fixed Deposit Bengaluru in a nutshell

Interest Rate3.00% - 9.25%
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

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
SBIVasavi Complex, St. Mark's Road, Distt. Bengaluru Urban, Karnataka -5600012.90% - 6.20%
Bank of BarodaAPMC Yard Branch, P.B.NO.2222, APMC YARD, Tumkur Road, Yeshwanthpur, Bengaluru, 5600222.90% - 6.30%
Bandhan BankBannerghatta Slip Rd, KEB Colony, New Gurappana Palya, Jayanagara 9th Block, BTM Layout 1, Bengaluru, Karnataka 5600293.00% - 5.75%
Canara Bank102, 103, 104 - 110, PB No 6588, Avenue Road, Bengaluru- 5600022.90% - 5.75%
HDFC BankSite. No. 43, G Block, , 60 Feet Main Road, Sahakar Nagar, Bengaluru - 560092, Karnataka2.50% - 6.25%
Allahabad BankNo. 2, FKCCI Building , K G Road , Bengaluru2.90% - 5.65%
Andhra BankSujatha Complex, 1st Main Road, Gandhinagar, Bengaluru - 560009 , Karnataka3.00% - 5.40%
Axis BankNo. 9, M.G. Road, Block -A, Bengaluru-5600012.50% - 6.50%
ICICI BankICICI Bank Ltd Towers, 1, Commissariat Road, Ground Floor, Bengaluru- 560025.2.50% - 6.30%
PNBVokkaligara Sangha Building, Hudson Circle, Bengaluru - 5600272.90% - 5.75%

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