FIXED DEPOSITS

FIXED DEPOSITS

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FIXED DEPOSITS

FD is a term deposit which is held over fixed period at fixed rates of interest. Corporate Deposits are offered by various institutions such as Non-Banking financial companies (NBFCs). The maturities of various company fixed deposits can often be chosen by investors according to their investment needs

Investors can choose from multiple corporate deposit options varying in tenures, interest rates and institutions to suit their investment needs. Some of the corporates also offer facilities such as premature withdrawal, overdraft facility, and periodic interest payments with certain conditions. Investors can get stable returns and benefit from much reduced volatility through a wide range of AAA and AA-rated Corporate Fixed Deposits.

WHAT IS FD? :-


ITS AN INVESTMENT WHERE FIXED INTEREST IS GIVEN FOR FIXED TERM.


INTEREST:- THERE ARE 2 OPTIONS.


1) CUMULATIVE- WHERE INTEREST IS ACCUMULATED WITH PRINCIPLE AMOUNT

2) NON-CUMULATIVE- WHERE INTEREST IS PAID AS MODE SELECTED MONTHLY / QUATERLY / HALF YEARLY/ YEARLY

TDS:- IF YEARLY INTEREST UNDER 1 PAN NO IF MORE THAN OF RS 5000/- THEN TDS WOULD BE DEBITED FROM THE INTEREST AMOUNT.

15G/15H:- IF THE INVESTOR’S TOTAL INCOME IS BELOW TAXABLE LIMIT UNDER THAT FINANCIAL YEAR, THEN APPLICANT CAN FILE 15G/15H FORM

MATURITY:- ON COMPLETION OF FD TERM, THE AMOUNT IS PAID TO INVESTOR AS PER INTEREST MODE.

MINIMUM AMOUNT: RS 20000/-

WHO CAN APPLY? RESIDENT INDIVIDUAL, MINOR THROUGH GUARDIAN & HUF , TRUST, SOCITY

PROCESS / DOCUMENTS FOR FD INVESTMETNS FOR RETAIL INVESTORS.


1) SINGLE HOLDER & NOMINATION
2) HOLDER & NOMINATION –
3) HOLDERS & NOMINATION

1) ANY ONE OR SURVIVOR – ANY ONE CAN SIGN & PROCESS
2) JOINT – BOTH HOLDER HAVE TO SIGN FOR PROCESS

DOCUMENTS ( ALL HOLDERS)


1-COLOR PHOTO
1-PAN CARD COPY
1- RESIDENCE ADDRESSPROOF – AADHAR CARD, ELECTION CARD , DRIVING LICENCE
PASSPORT, LATEST – UTILITY BILLS, LATEST BANK PASSBOOK- ANYONE
1- CHEQUE FOR INVESTMENTS – FROM FIRST APPLICANT’S BANK A/C.

INTEREST RATES

Interest rates are subject to change and the rate applicable will be the rate prevalent on the effective date of deposit.