FD Interest Rates 2024

Fixed Deposit Hyderabad

Fixed Deposit Hyderabad

Last Updated : Aug. 24, 2017, 11:59 a.m.

About Hyderabad

Hyderabad is a capital of Telangana state in India. One of the popular monument -Charminar beautifully symbolizes the city. Golconda fort is another major landmark in Hyderabad. Historically, the city is known as a pearl and diamond trading centre, which continues to be called as the City of Pearls. Also, Hyderabad is famous to be the largest contributor to the GDP(Gross Domestic Product) recorded to be at $ 10 billion(₹700,000 million) as in 2011. The city has emerged to be the strong base for IT enterprises, biotech, insurance and financial institutions. Hyderabad is also known as Cyberabad (Cyber City) as the city is regarded as the global centre of information technology.

About Fixed Deposit

Fixed deposit is a trusted financial instrument preferred by a common man. The money gets parked in this term deposit for a fixed interval which yields attractive returns subject to the interest rate and tenure chosen by the customer. The liquidity on fixed deposit varies subject to the tenure chosen by the customer. Upon maturity, if the interest amount on FD exceeds ₹ 10,000, then the customer is liable to pay taxes in that financial year. There are various banks which offer the automatic renewal facility of FD where the deposits get renewed for a similar term as that of the original deposit at the prevailing rate on the date of renewal.

Fixed Deposit Hyderabad in a nutshell

Interest Rate3.00% - 9.25%
Minimum Investment Amount₹ 1,000
Tenure7 days – 10 years

Fixed Deposit Eligibility Criteria

  • 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 Street, Sultan Bazaar, Koti, Hyderabad, Telangana 5000952.90% - 6.20%
Bank of Baroda5 - 9 - 27/78 Lakehill Road, Adarsh Nagar2.90% - 6.30%
Bandhan BankK1 Pride 26/A Mig, Bearing Minicipal No-7-1-397/5/A, Sanjeeva Reddy Nagar Colony, Balkampet Main Road, Beside Sbi, Hyderabad, Telangana 5000383.00% - 5.75%
Canara BankPlot No.41D, Venkatagiri Cross Road, Road No.5, Jubilee Hills- 5000332.90% - 5.75%
HDFC Bank6 - 1 - 73 Gr Floor, Saeed Plaza, Lakdikapul, Hyderabad - 500004, Andhra Pradesh2.50% - 6.25%
Allahabad BankIFB Branch, 6 - 3 - 850/3, Srinivas Plaza, Near Seesh Mahal, Ameerpet, Hyderabad - 500016, Andhra Pradesh2.90% - 5.65%
Andhra Bank1 - 4 - 972/2, Bakaram, Hyderabad - 5000483.00% - 5.40%
Axis BankSri Krishna Ashray, 4 - 3 - 537 & 4 - 3 - 538 Hanuman Tekdi, Off Bank Street Hyderabad , Andhra Pradesh, Pin -5000952.50% - 6.50%
ICICI BankHema Durga Plaza, Opp., Allwyn Colony, Miyapur, Hyderabad - 500049, Hyderabad Dist., Andhra Pradesh.2.50% - 6.30%
PNB4 - 1 - 427, Troop Bazaar, Bank Street, Hyderabad, AP 5000012.90% - 5.75%

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