Fixed Deposit Pune
Last Updated : Aug. 24, 2017, 12:02 p.m.
About Pune
Pune is a city positioned in the state of Maharashtra. It is known as the second largest state after Mumbai in Maharashtra. The pride of Peshwas, Pune was once an epicentre of the Maratha empire in the 18th century. It is also known as the “Queen of the Deccan”, the cultural capital of Maharashtra. Pune has emerged itself as a pioneer location for IT and manufacturing industries. It is an important economic hub in Maharashtra. The recent large-scale investment made in Pune include a Food Cluster Development Project, backed by the World Bank and an International Exhibition and Convention Centre, soon to commence in 2017.
About Fixed Deposit
Fixed deposit is a safe financial instrument recognized by a common man for blocking their money so as to get an assured returns over a fixed period of time. There is no risk involved when you employ your money on fixed deposit. The tenures range across different intervals such as 7, 15 or 45 days to 1.5 years and the maximum being 10 years. The liquidity on fixed deposit would also depend on subject to the selection of tenures. The compounding principle starts working from the day you put in your funds into fixed deposit. Upon maturity, many banks allow you to keep your FDs on auto-renewal mode, keeping intact the previous interest and principal amount levied thereon for the next tenure. This way customers can maximize their savings on fixed deposit. On the other hand, they can choose to withdraw the interest and continue with the same principal amount for another tenure.
Fixed Deposit Pune 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 Pune
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 | P.B-6, Collector office compound, Pune - 411001 | 2.90% - 6.20% |
Bank of Baroda | Pune Camp, 2 Moledina Road, Pune- 411001 | 2.90% - 6.30% |
Bandhan Bank | 295 2, Shriram Niwas, Pune -Bengaluru Road, Shastrinagar, Malkapur, Karad, Dist.Satara, Maharashtra, Pin -415110 | 3.00% - 5.75% |
Canara Bank | PB No. 150 3rd Floor Red Cross Building, 11 M.G Road Pune | 2.90% - 5.75% |
HDFC Bank | 934, Rajveer Complex, Nanapeth, Pune - 411002 | 2.50% - 6.25% |
Allahabad Bank | Seva Sadan Society Building, Laxmi Road, 613/14, Sadashiv PETH, PUNE - 411030 | 2.90% - 5.65% |
Andhra Bank | 601, Sanchar Street Camp, Pune – 411001, Maharashtra | 3.00% - 5.40% |
Axis Bank | Indraprushti, opp. F.C. Road, 2, Law College, Pune- 411004 | 2.50% - 6.50% |
ICICI Bank | A- Wing, Shangrila garden, Bund Garden Road, Pune- 411001 | 2.50% - 6.30% |
PNB | Kirkee Commercial Complex, Dr. Ambedkar road, Pune- 411003 | 2.90% - 5.75% |