FD Interest Rates 2024

Fixed Deposit Pune

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

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 Pune

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
SBIP.B-6, Collector office compound, Pune - 4110012.90% - 6.20%
Bank of BarodaPune Camp, 2 Moledina Road, Pune- 4110012.90% - 6.30%
Bandhan Bank295 2, Shriram Niwas, Pune -Bengaluru Road, Shastrinagar, Malkapur, Karad, Dist.Satara, Maharashtra, Pin -4151103.00% - 5.75%
Canara BankPB No. 150 3rd Floor Red Cross Building, 11 M.G Road Pune2.90% - 5.75%
HDFC Bank934, Rajveer Complex, Nanapeth, Pune - 4110022.50% - 6.25%
Allahabad BankSeva Sadan Society Building, Laxmi Road, 613/14, Sadashiv PETH, PUNE - 4110302.90% - 5.65%
Andhra Bank601, Sanchar Street Camp, Pune – 411001, Maharashtra3.00% - 5.40%
Axis BankIndraprushti, opp. F.C. Road, 2, Law College, Pune- 4110042.50% - 6.50%
ICICI BankA- Wing, Shangrila garden, Bund Garden Road, Pune- 4110012.50% - 6.30%
PNBKirkee Commercial Complex, Dr. Ambedkar road, Pune- 4110032.90% - 5.75%

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