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Fixed Deposit New Delhi

Fixed Deposit New Delhi

Last Updated : Jan. 16, 2017, 5 p.m.

About New Delhi

New Delhi is the national capital city of India and also its one of the union territory. Historically, Delhi has served as a capital of many kingdoms and empires. Delhi has thriving job opportunities to people coming from different parts of India irrespective of language, caste, culture, and religion. The capital city is also known as the largest commercial centre in northern India. The city records its gross state domestic product to be  $ 370 billion.

Connaught Place, the leading North India’s largest commercial and financial centre is situated in northern part of Delhi. Adjoining areas such as Barakhamba Road, ITO are also major commercial centres. The core service industries such as information technology, telecommunications, hotels, banking, media, and tourism have their landmarks with an objective to find its avenue of growth in Delhi.

About Fixed Deposit

Fixed deposit is a widely preferred choice among customers to park their money as it offers safe custody of the returns generated over a fixed period of time. The principal amount along with returns are guaranteed to be delivered to the customer upon maturity. The time interval is an underlying factor behind the accumulation of interest. If your total interest on fixed deposit exceeds ₹ 10,000 in a financial year, then you are liable to pay taxes thereon. The compounding principle starts working from the day you employ your money on fixed deposit at your chosen interest rate and tenure. Upon maturity, FDs tend to be put into auto-renewal mode as followed by many banks but still you have the choice to withdraw your interest in your savings bank account and continue with the principal amount for another tenure.

Fixed Deposit New Delhi 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 Delhi

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
SBI11, Sansad Marg, New-Delhi- 1100012.90% - 6.20%
Bank of BarodaAsaf Ali RD, Jeevan Vikas Bhawan, 30/31 A,New Delhi - 1100022.90% - 6.30%
Bandhan BankGround Floor, L-12, Kalkaji, New Delhi, Pin -1100193.00% - 5.75%
Canara BankF 19, Connaught Circus, New Delhi - 1100012.90% - 5.75%
HDFC BankH-69, Outer circle, Connaught place, New-Delhi- 1100012.50% - 6.25%
Allahabad Bank72 - 79, Scindia House Janpath New Delhi, Pin: 1100012.90% - 5.65%
Andhra BankPreet Vihar, New Delhi-1100923.00% - 5.40%
Axis BankStatesman House, 148 Barakhamba Road, New Delhi- 1100012.50% - 6.50%
ICICI BankMohata Building, Bhikaji Cama Place, New Delhi- 1100662.50% - 6.30%
PNB7, Bhikaji Cama Place, New-Delhi- 1106072.90% - 5.75%

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