Fixed Deposit Kolkata

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
Tenure7 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 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 AddressFD Interest Rates
SBI Pankhoo, Tehsil: Didihat Pithoragarh, kolkata
2.90% - 6.20%
Bank of BarodaAlipore Branch, 38/1/E, Gopal Nagar Road, Kolkata, 700027
2.90% - 6.30%
Bandhan BankDN-32, Sector -V, Salt Lake City, Kolkata, West Bengal, Pin -7000913.00% - 5.75%
Canara BankP.B.No. 6701, 274, Rabindra Sarani - ROAD, Calcutta 7000072.90% - 5.75%
HDFC Bank Stephen house, , 4 b.b.d. bag - east, Kolkata - 700001
2.50% - 6.25%
Allahabad Bank1A, Ronaldshay Road, Kolkata - 7000272.90% - 5.65%
Andhra Bank14/B, Extra Street, PB - 2786, Kolkata - 700001 3.00% - 5.40%
Axis Bank126A, Bidhan Sarani Shyam bazar, 700004
2.50% - 6.50%
ICICI Bank22, R N Mukherjee Road, Kolkata, 700001
2.50% - 6.30%
PNB1/1A & 1/1B, Tollygunge, Circular Road, Kolkata, 700033
2.90% - 5.75%

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