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Fixed Deposit Chandigarh

Fixed Deposit Chandigarh

Last Updated : Aug. 24, 2017, 11:57 a.m.

About Chandigarh

The Union Territory of India, Chandigarh gets its name from an ancient Chandi Mandir devoted to the Hindu Goddess Chandi. This city is a capital of two Indian states namely, Haryana and Punjab. With three governments having the base in the city, the government sector provides maximum employment to the people. Hence people having good earning save a significant portion of their income making it the third largest deposit centre according to RBI ranking 2012.

About Fixed Deposit

Fixed Deposit is an effective means to enhance the money that is currently not in transaction. As the amount invested in fixed deposits yields interest at a specified interest rate the money isn’t left idle. Fixed Deposits make the hard earned money work for you and hike the amount of savings. The depositor can invest the money for the desirable period of time and receive the same along with the interest at the due date of the term deposit.

Fixed Deposit Chandigarh in a nutshell

Interest Rate3.50% - 8.00% p.a.
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
  • 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
SBIBank Square, 17C, Sector 17, Chandigarh, 1600173.75% - 4.25% p.a.
Bank of BarodaAgriculture Hi Tech Br. Chandigarh
SCO 91, Sector 44 C, Chandigarh, 160047
4.00% - 7.00% p.a.
Bandhan BankSCO 149 150,Sector 9 C, Madhya Marg,Chandigarh, Pin 1600093.50% - 8.00% p.a.
Canara BankSCO 117 - 119 , Sector 17 C, Chandigarh 1600224.20% - 6.90% p.a.
HDFC BankSco 371 - 372, Sector 35 - B, , Chandigarh - 160022, Union Territory3.50% - 6.95% p.a.
Allahabad BankSector - 17B, Sco - 49 - 50, Banksquare Chandigarh - 1700164.50% - 7.00% p.a.
Andhra BankS.C.O, 202 - 3 - 204, Sector - 17C, PB114, Chandigarh - 1600174.00% - 7.00% p.a.
Axis BankSCO 20 - 21 - 22 Sector 34 - A, 1600223.50% - 7.50% p.a.
ICICI BankSCO 9 - 10 - 11, Sector 9 - D Chandigarh 1600174.00% - 7.00% p.a.
PNBPNB House, Sector 17 - B, Chandigarh - 1600174.25% - 7.00% p.a.

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