Fixed Deposit Noida
Last Updated : Jan. 16, 2017, 5:57 p.m.
About Noida
Noida, fully named as Noida Development Authority is a well-built Indian city under the management of New Okhla Industrial Development Authority. It comes under National Capital Region of India. The city is located in Gautam Buddh Nagar district of Uttar Pradesh. The city is a hub of IT and IT-enabled services industry with various large companies establishing their businesses here. It is the most chosen destination for various domains such as banking, financial services, insurance, pharma, auto, fast-moving consumer goods and manufacturing. Noida Special Economic Zone is a major contributor to the development of the city. The real estate sector has contributed to the massive growth of Greater Noida by offering tallest residential apartments nearby office regions, hence creating several employment opportunities.
About Fixed Deposit
Fixed deposit assures you phenomenal returns at your chosen maturity intervals at an attractive interest rate. The high-yielding returns guarantee a protection on your principal amount at the time of maturity. It inculcates saving habit for getting potential returns over a period of time. It depends on any customer to choose more than one fixed deposit with the same bank for their different goals. Tax liability falls when your interest amount exceeds ₹ 10,000 in a financial year. So, you need to plan your Fixed deposit accordingly. You have the option to either continue with your FD for another tenure or to withdraw subject to your saving goals.
Fixed Deposit Noida in a nutshell
| Particulars | Details |
|---|---|
| Interest Rate | 3.00% - 9.25% |
| Minimum Investment Amount | ₹ 1,000 |
| Tenure | 7 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 Noida
| 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 | Interest Rate |
|---|---|---|
| SBI | Sector-2, Noida, Uttar Pradesh | 2.90% - 6.20% |
| Bank of Baroda | Shop No. 334 - 337, Sector-29, Ganga Shopping Complex, Noida, Uttar Pradesh-201303 | 2.90% - 6.30% |
| Bandhan Bank | C-31, Sector 18, Near Mosaic Hotel, Noida, Uttar Pradesh 201301 | 3.00% - 5.75% |
| Canara Bank | Sector VI, Noida Complex, Noida -201301 | 2.90% - 5.75% |
| HDFC Bank | Ansals Fortune Arcade, K Block, Sector 18, Near Atta Peer, Noida - 201301, Uttar Pradesh | 2.50% - 6.25% |
| Allahabad Bank | A - 6, Sector - 10, Noida, Dist. G B Nagar Noida Complex, Dist. G.B.Nagar Uttar Pradesh, Pin: 201301 | 2.90% - 5.65% |
| Andhra Bank | Plot No : 778, A Block, Sector - 19, Noida - 201301 UP | 3.00% - 5.40% |
| Axis Bank | B2 - B3, Sector-16, Noida, Uttar Pradesh-201301 | 2.50% - 6.50% |
| ICICI Bank | K - 1, Senior Mall, Sector-18, Gautam Budh Nagar, Noida, Uttar Pradesh-201301 | 2.50% - 6.30% |
| PNB | Naya Bans, Sector-27, Noida, Uttar Pradesh-201301 | 2.90% - 5.75% |