Documents Required To Open Fixed Deposit Account
Here is the list of must-have documents for opening a Fixed Deposit Account with the best FD rate of interest in India:
Particulars | List of Documents Required |
Proof of Identity |
|
Address proof |
|
Savings Account Details to Link with FD Account |
|
Types of Fixed Deposit Interest Rates- India
FAQs on Fixed Deposit:
- The minimum amount to open an FD account through mobile banking or net banking is ₹5,000.
- The minimum amount to open an FD account through a bank branch is ₹10,000.
- Interest on FDs with a tenure of less than 6 months is calculated on simple interest.
- Interest on FDs with a tenure of 6 months and above is calculated on compound interest. The interest is compounded quarterly, which means that the interest earned in the previous quarter is added to the principal amount for the next quarter's interest calculation.
- For monthly interest payout, the interest is paid at a slightly higher rate than the standard rate. If the depositor has chosen to receive interest quarterly, the interest will be calculated and paid quarterly.
SBI
Check the latest State Bank of India FD Rates
Canara Bank
Check the latest Canara Bank latest FD Rates
HDFC Bank
Check the latest HDFC Bank latest FD Rates
ICICI Bank
Check the latest ICICI Bank latest FD Rates
Kotak Bank
Check the latest Kotak Bank latest FD Rates
Bandhan Bank
Check the latest Bandhan Bank latest FD Rates
Axis Bank
Check the latest Axis Bank latest FD Rates
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Check the latest Bank of Baroda (BOB) latest FD Rates
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