Fixed Deposit Kolkata
Last Updated : Jan. 16, 2017, 5:42 p.m.
About Kolkata
Kolkata is a capital of West Bengal in India. It is situated on the east bank of Hooghly river and is also regarded as the pivotal centre of commercial, cultural and educational centre of East India. The city is widely known as the commercial and financial hub of East and north-East India. Kolkata houses the India’s oldest and also the India’s second-largest stock exchange company i.e.the Calcutta Stock Exchange. The banking sector which has their headquarters in Kolkata are UCO Bank, Allahabad Bank, United Bank of India. Also, the Standard Chartered Bank has a major branch in the city.
About Fixed Deposit
Fixed deposit is a trusted financial instrument among customers where they can park their predetermined amount of money for a particular time period which gives them assured returns.This is a riskless instrument as it comes under the regulatory measure of Reserve Bank of India. The liquidity harnessed from fixed deposit varies as per the selection of tenures and interest rates. The interest rates on fixed deposit offered by several banks range from 3.50%-8.00% with varying tenures such as 7, 15 or 45 days to 1.5 years and the longest tenure being 10 years. The customers have the flexibility to choose the facility of Flexi or sweep in FD for withdrawing the amount through ATM via cheque or through funds transfer from your FD account.
Fixed Deposit Kolkata in a nutshell
| Particulars | Details |
|---|---|
| Interest Rate | 3.00% - 9.25% |
| Minimum Investment Amount | ₹ 1,000 |
| Tenure | 7 days – 10 years |
Fixed Deposit Kolkata 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 Kolkata
| 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 | FD Interest Rates |
|---|---|---|
| SBI | Pankhoo, Tehsil: Didihat Pithoragarh, kolkata | 2.90% - 6.20% |
| Bank of Baroda | Alipore Branch, 38/1/E, Gopal Nagar Road, Kolkata, 700027 | 2.90% - 6.30% |
| Bandhan Bank | DN-32, Sector -V, Salt Lake City, Kolkata, West Bengal, Pin -700091 | 3.00% - 5.75% |
| Canara Bank | P.B.No. 6701, 274, Rabindra Sarani - ROAD, Calcutta 700007 | 2.90% - 5.75% |
| HDFC Bank | Stephen house, , 4 b.b.d. bag - east, Kolkata - 700001 | 2.50% - 6.25% |
| Allahabad Bank | 1A, Ronaldshay Road, Kolkata - 700027 | 2.90% - 5.65% |
| Andhra Bank | 14/B, Extra Street, PB - 2786, Kolkata - 700001 | 3.00% - 5.40% |
| Axis Bank | 126A, Bidhan Sarani Shyam bazar, 700004 | 2.50% - 6.50% |
| ICICI Bank | 22, R N Mukherjee Road, Kolkata, 700001 | 2.50% - 6.30% |
| PNB | 1/1A & 1/1B, Tollygunge, Circular Road, Kolkata, 700033 | 2.90% - 5.75% |