What is a fixed deposit form?
What is a fixed deposit form?
A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
How can I write bank fixed deposit application?
Dear Sir, I intend to make a fixed deposit of [HERE YOU PUT YOUR ACTUAL FIXED DEPOSIT AMOUNT ] with your bank for a period of [MENTION YOUR SUITABLE TERMS OF FIXED DEPOSIT IN YEARS]. It will be appreciated if you please enlighten me on the various schemes available for [fixed deposits].
What are the documents required for fixed deposit?
Documents Required to Open Fixed Deposit Accounts
- Passport.
- PAN card.
- Voter ID card.
- Driving licence.
- Government ID card.
- Photo ration card.
- Senior citizen ID card.
What is the interest of 1 lakh in fixed deposit?
The monthly interest for 1 lakh fixed deposit is Rs….Monthly Interest for Senior Citizens:
Investment amount | Monthly interest for Senior Citizens | Commutative interest for 5 years |
---|---|---|
1 lakh | Rs. 546 | Rs. 38,624 |
5 lakh | Rs.2,729 | Rs. 1,931,122 |
10 lakh | Rs.5458 | Rs.3,86,243 |
15 lakh | Rs. 8,187 | Rs.5.79,365 |
What is FD interest rate?
Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 crore
Name of Bank | For General Citizens (p.a.) | For Senior Citizens (p.a) |
---|---|---|
IDBI Bank FD | 2.70% to 5.60% | 3.20% to 6.35% |
Punjab National Bank FD | 3.00% to 5.25% | 3.50% to 5.75% |
Canara Bank FD | 2.90% to 5.75% | 2.90% to 6.25% |
Axis Bank FD | 2.50% to 5.75% | 2.50% to 6.50% |
How can I write a letter to bank manager for FD withdrawal?
I am requesting you to kindly look into the matter and credit the amount to my savings account. My savings bank account number is SB A/C________ (mention savings bank account number). I am hereby enclosing the FD receipt along with all the required documents. Please do the needful at the earliest.
Is KYC required for fixed deposit?
If you want to open an FD with your existing bank account, you do not need to bring all of the necessary documents with you because your bank will already have them. You will, however, be required to carry a copy of your KYC as well as your most recent passport-sized photographs.
How can I open a fixed deposit account?
Online Process
- Visit the website of the bank or NBFC where you want to open the FD account.
- Create a new ID or log in with an existing ID.
- Select the open FD account option.
- Provide necessary details (such as principal amount, tenure and nominee).
- Confirm the details and make the payment via net banking.
Which bank is best for FD?
Best FD Rates in India among Top 10 Banks
- IDFC Bank offers the highest FD interest rate of 6.25% p.a. which is for a tenure of 5 years and above for the general public.
- The second highest interest rate is 5.75% p.a. which is offered by Axis Bank for a tenure of 5 years and above.