Fixed Deposit Bhubaneswar

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% - 8.10%

Minimum Investment Amount₹ 1,000
Tenure7 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 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

Banks NameMain Branch AddressRate of Interest
State Bank Of India111/1, Pandit Jawaharlal Nehru Marg, Unit - 3, Kharabela Nagar, Bhubaneswar, 7510015.75% - 7.35%
HDFC Bank
Shaheed Nagar, Business Park, First Floor Business Park First Floor C111 - Saheednagar, Bhubaneswar, 7510073.50% - 8.00%
ICICI Bank
OCCF Building Opposite Sriya Cinema Hall, Kharvelanagar, Unit 3, Kharabela Nagar, Bhubaneswar 7510014.00% - 7.55%
Axis BankBhawani Mall, BMC Bhawani Commercial Complex, Shahid Nagar, Bhubaneswar, 7540013.50% - 7.95%
Punjab National Bank
122-A, Station Square, Near Bbsr Station, Master Canteen, Bhubaneswar, 7510015.70% - 7.41%
Bank of India

Bhubaneshwar SSI Branch 102, Cuttack Road4.80% - 6.50%
Bank of Baroda
227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, 751 0064.00% - 6.85%
Central Bank Of India
N1-257, CRP Square, IRC Village, Nayapalli, Bhubaneswar, 751015

4.00% - 6.50%

Canara Bank
First Floor, Rath Arcade, Plot No.-738, Jayadev Vihar Road, Bhubaneswar,
751013
5.00% - 7.50%
IDBI BankGr Floor IDBI House, Unit IX
Janpath, Bhubaneswar, Odisha 751022
5.75% - 7.25%

People Also Look For

Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.80% - 9.05%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%