Fixed Deposit Gurugram
Last Updated : Jan. 28, 2017, 6:14 p.m.
About Gurugram
Gurugram, formerly known as Gurgaon is a city in Haryana. It is situated close to the National Capital Region. The dusty agricultural village has now accelerated to the position of the city with third highest per capita income. Due to the presence of 250 fortune companies, it is popularly known as the Millennium City. It is the leading financial and industrial hub providing a means of living to a huge population. The fast evolving economy and modern infrastructure have played a pivotal role in turning the place into a developed urban centre.
About Fixed Deposit
Fixed deposits are most suitable for the people looking forward to hassle free mode of investment. This is because everything is ascertained at the time of opening the FD account. The gain is predetermined and fix. There is no risk factor associated to the term deposits. The depositor will get the same returns as promised even if the interest rates on deposits change. Also, there is no chance of loss which is common in other forms of investments. It is a planned investment where a certain sum of amount is deposited for a stipulated period of time. This amount yields interest throughout the tenure of deposit and is payable at the expiration of the plan.
Fixed Deposit Gurugram 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 | Plot 364, Phase II, Udyog Vihar Dundahera, Gurugram, Haryana, Pin -122006 | 2.90% - 6.20% |
| HDFC Bank | A - 12, The Shopping Mall, Dlf Qutab Enclave, Phase - 1, Gurugram - 122002, Haryana | 2.50% - 6.25% |
| ICICI Bank | ICICI Bank Ltd, SCO 18 & 19, Huda Shopping Centre, Sector - 14, Market Complex, Gurugram - 122001 | 2.50% - 6.30% |
| Axis Bank | SCO - 29, Sector - 14, Near Huda Office, Old Delhi - Gurugram Road- 122001 | 2.50% - 6.50% |
| Punjab National Bank | Fountain Chowk, Gurugram, Haryana - 122001 | 2.90% - 5.75% |
| Bank of India | MGF Plaza, Gurugram, DLF Phase II, Mehrauli Gurugram Road, Gurugram, 122002, Haryana | 2.85% - 5.55% |
| Bank of Baroda | Sector - 10 A, Gurugram, Haryana | 2.90% - 6.30% |
| Central Bank Of India | SCO 22, G F Housing Board, Saraswati Vihar, Gurugram Road, Mehrauli, Gurugram, Haryana 122002 | 2.75% - 5.50% |
| Canara Bank | Ess Kay Tower, Old Railway Road, Gurugram, 122001 | 2.90% - 5.75% |
| IDBI Bank | Mahrauli Gurugram Road Sikanderpur | 2.90% - 5.90% |