Fixed Deposit Bhubaneswar
Last Updated : Jan. 28, 2017, 4:51 p.m.
About Bhubaneswar
The capital and largest city of Odisha, Bhubaneswar is the centre of economic and religious activities in Eastern India. It is the commercial hub of the country. In the year 2014, the city was ranked as an ideal place to conduct business by the World Bank. It is a city of administration, information technology and educational institutes with tourism as a major industry. Out of 17 Tier-2 cities, Bhubaneswar has the highest rate of employment in India. Because of the liberation policy of the Indian government, the city received investment in telecommunications, information technology, and higher education.
About Fixed Deposit
Fixed deposits are the deposits booked for a certain period of time at a specified interest rate. The rate of return remains same throughout the tenure and is payable at the intervals decided by the customer. There is no predetermined upper limit of investment. However, there is a minimum booking amount which differs from bank to bank. The eligibility criteria for investment in the fixed deposit are flexible. All Indian residents are eligible to open a fixed deposit account.
Fixed Deposit Bhubaneswar 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
Following are the entities which are eligible for availing fixed deposit schemes:
Individuals
Hindu Undivided Families (HUFs)
Minor represented by parents/guardian
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
| Banks Name | Main Branch Address | Rate of Interest |
|---|---|---|
| State Bank Of India | 111/1, Pandit Jawaharlal Nehru Marg, Unit - 3, Kharabela Nagar, Bhubaneswar, 751001 | 2.90% - 6.20% |
| HDFC Bank | Shaheed Nagar, Business Park, First Floor Business Park First Floor C111 - Saheednagar, Bhubaneswar, 751007 | 2.50% - 6.25% |
| ICICI Bank | OCCF Building Opposite Sriya Cinema Hall, Kharvelanagar, Unit 3, Kharabela Nagar, Bhubaneswar 751001 | 2.50% - 6.30% |
| Axis Bank | Bhawani Mall, BMC Bhawani Commercial Complex, Shahid Nagar, Bhubaneswar, 754001 | 2.50% - 6.50% |
| Punjab National Bank | 122-A, Station Square, Near Bbsr Station, Master Canteen, Bhubaneswar, 751001 | 2.90% - 5.75% |
| Bank of India | Bhubaneshwar SSI Branch 102, Cuttack Road | 2.85% - 5.55% |
| Bank of Baroda | 227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, 751 006 | 2.90% - 6.30% |
| Central Bank Of India | N1-257, CRP Square, IRC Village, Nayapalli, Bhubaneswar, 751015 | 2.75% - 5.50% |
| Canara Bank | First Floor, Rath Arcade, Plot No.-738, Jayadev Vihar Road, Bhubaneswar, 751013 | 3.25% - 7.25% |
| IDBI Bank | Gr Floor IDBI House, Unit IX Janpath, Bhubaneswar, Odisha 751022 | 2.90% - 5.90% |