Fixed Deposit Patna
Last Updated : Jan. 18, 2017, 1:06 p.m.
About Patna
The capital of Bihar state and second largest metropolis city in eastern India, Patna has been a hub of agricultural and trade activities. It is a significant business and luxury brand centre of Eastern India. The city has witnessed a sustainable growth due to expanding consumer goods industry, service sectors and green revolution businesses. In 2009, Patna was declared the second best city in India to start up a business by the World Bank. It is the 21st fastest growing city in the world and fifth fastest growing city in India.
About Fixed Deposit
Fixed deposit is considered one of the best mode of investment by the people planning to receive fixed and regular returns. It is a one-time investment plan that yields good interest after a stipulated period of time. By selecting the desirable interest payout frequency the borrower can receive a regular income or can reinvest the interest amount along with the initial deposit amount. The yield will be calculated on the new principal amount formed after adding the interest of the previous interval. The entire amount including the principal and interest is paid off at the maturity of the deposit plan.
Fixed Deposit Patna 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
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
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
| Banks Name | Main Branch Address | FD Rate of Interest |
|---|---|---|
| State Bank Of India | West Gandhi Maidan, Patna, Bihar 800001 | 2.90% - 6.20% |
| HDFC Bank | Bimla Sadan, Holding No # 801 / 432, Ward No # 37, Exhibition Road, Patna - 800001, Bihar | 2.50% - 6.25% |
| ICICI Bank | H - 39 Doctors Colony, Kankarbagh, Patna 800020 | 2.50% - 6.30% |
| Axis Bank | Aket Towers, S P Verma Road, Patna-800001 | 2.50% - 6.50% |
| Punjab National Bank | Danapur Cantt, Distt. Patna Bihar | 2.90% - 5.75% |
| Bank of India | Patna Main, Fraser Road, Post Box No. 166, Patna City, 800001, Bihar | 2.85% - 5.55% |
| Bank of Baroda | Bailly Road, Ashiana More, Patna, Bihar - 800014 | 2.90% - 6.30% |
| Central Bank Of India | Laxmi Complex, Boring Road, Patna | 2.75% - 5.50% |
| Yes Bank | Grnd N Mezzanine Flr, Unit No 201 2 Flr, Rajendra Ram Plaza, Plt No 875 Hldg No 373, Crcl No 6, Exhibition Rd Patna Bihar 800001 | 3.25% - 7.25% |
| IDBI Bank | Kashi Place Complex, Daak Bungalow Road, OPP Heera Place, Patna | 2.90% - 5.90% |