Fixed Deposit Jammu

About Jammu

Jammu is a winter capital of the state of Jammu & Kashmir. The presence of several small industries and woodgrain mills to cater to the local population make it the cultural and economic centre of the administrative division of Jammu. A large number of industries present here, produce a wide variety of products such as carpets and electronic goods. The tourism industry of Jammu is the largest in comparison to rest of the state. It is the centre of interest for the people going for holy pilgrimage.

About Fixed Deposit

The risk-free method of earning stable income is the investment in fixed deposits. These investments are made for a fixed period of time that ranges from 7 days to 10 years. The deposited amount can not be withdrawn before the term period of the deposit. The rate of interest is different on all tenures. There is a flexibility to book the deposit for the time period that well suits the financial requirement of the depositor. The depositor can even select the interest payout frequency and receive the same at regular intervals.

Fixed Deposit Jammu in a nutshell

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


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
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
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 IndiaRed Cross Building, Kachi Chawn, Jammu and Kashmir 1800015.75% - 7.35%
Jammu, Cb - 13, Rail Head Complex, Gandhinagar Bahu Plaza Jammu, Jammu, Jammu and Kashmir 1800033.50% - 8.00%
Rudra Complex, Main Road, Sector-2 Channi Himmat, Jammu, Jammu and Kashmir 1800154.00% - 7.55%
Axis BankBasement & Ground Floor, Khewat No. 118, Khasra No. 325, Gulab Singh Marg, Near Dogra Chowk, Jammu, Jammu and Kashmir 1800013.50% - 7.95%
Punjab National Bank
Shastri Nagar, Sanjay Nagar, Jammu, Jammu and Kashmir 1800045.70% - 7.41%
Bank of India

Residency Rd, Raghunath Bazar, Pakki Dhaki, Resham Ghar Colony, Jammu, Jammu and Kashmir 1800014.80% - 6.50%
Bank of Baroda
227 Sarla Nagar, Laxmi Sagar, Cuttack Puri Road, Bhubaneshwar, Dist. Khurda, 751 0064.50% - 7.75%
Central Bank Of India
Near Poonch House, Talab Tillo, Jammu, Jammu and Kashmir 180002

4.00% - 6.50%

Jammu & Kashmir BankMain Bazar Akhnoor, Jammu
Jammu And Kashmir751013
5.00% - 7.50%
IDBI Bank222 - 225, City Centre, IIND Floor Begum Bridge Road 5.75% - 7.25%

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