Fixed Deposit Chandigarh
Last Updated : Jan. 12, 2017, 5:40 p.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
| Particulars | Details |
|---|---|
| Interest Rate | 3.50% - 8.00% p.a. |
| 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
- 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 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
| Bank Name | Main Branch Address | Interest Rate |
|---|---|---|
| SBI | Bank Square, 17C, Sector 17, Chandigarh, 160017 | 3.75% - 4.25% p.a. |
| Bank of Baroda | Agriculture Hi Tech Br. Chandigarh SCO 91, Sector 44 C, Chandigarh, 160047 | 4.00% - 7.00% p.a. |
| Bandhan Bank | SCO 149 150,Sector 9 C, Madhya Marg,Chandigarh, Pin 160009 | 3.50% - 8.00% p.a. |
| Canara Bank | SCO 117 - 119 , Sector 17 C, Chandigarh 160022 | 4.20% - 6.90% p.a. |
| HDFC Bank | Sco 371 - 372, Sector 35 - B, , Chandigarh - 160022, Union Territory | 3.50% - 6.95% p.a. |
| Allahabad Bank | Sector - 17B, Sco - 49 - 50, Banksquare Chandigarh - 170016 | 4.50% - 7.00% p.a. |
| Andhra Bank | S.C.O, 202 - 3 - 204, Sector - 17C, PB114, Chandigarh - 160017 | 4.00% - 7.00% p.a. |
| Axis Bank | SCO 20 - 21 - 22 Sector 34 - A, 160022 | 3.50% - 7.50% p.a. |
| ICICI Bank | SCO 9 - 10 - 11, Sector 9 - D Chandigarh 160017 | 4.00% - 7.00% p.a. |
| PNB | PNB House, Sector 17 - B, Chandigarh - 160017 | 4.25% - 7.00% p.a. |