A fixed deposit is an investment scheme that has a pre-decided tenure and rate of interest. It is regarded as one of the safest investment options in the market as it is not affected by market fluctuations. Its designed for risk-aversed investors.
A steady source of income is imperative at all points in your life. Our secure Fixed Deposits provide you greater earnings with the flexibility of maintaining your funds in accessible units. Enjoy this privilege in different ways as Shri Adinath Bank offers you a range of Fixed Deposit schemes that give you a good rate of interest, thereby providing you with a strong sense of security.
The main purpose of fixed deposit account is to enable the individuals to earn a higher rate of interest on their surplus funds (extra money). The depositor is given a fixed deposit receipt, which depositor has to produce at the time of maturity. The deposit can be renewed for a further period. Loan facility is available on principal and accrued interest. Interest on deposits is payable either quarterly or monthly at a discounted value at the option of the depositor. Auto Renewal facility available after the maturity of Fix Deposit. Maximum period of FD upto 10 years
Application form (Download from download section) Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License, Aadhar Card Proof of Address: Latest Telephone Bill or Electricity Bill, Aadhar Card Recent Colour Photograph(2 Nos.) PAN linked with Aadhar Card or Form 60/61
The rates are subject to change from time to time To qualify for a Fixed Deposit Account, you must be aged 18 or over and Nationality should be Indian TDS is applicable as the Income Tax Rules