Rules & Regulation for Fixed Deposit
❖Depositor has to fulfil KYC norms as per RBI directives.
❖Customer can Open Fixed Deposit A/c with minimum of Rs.1000/-
❖Guardian can open Minor Fixed Deposit A/c. When minor turn major then after ❖providing valid age proof he/she can withdraw the amount with his/her signature.
❖In the case of premature withdrawal of deposit the Applicable rate of interest minus 1% penalty will be imposed.
❖All rights reserved to the Bank management to Change the Interest Rate of the Fixed ❖Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
❖The Bank having the rights of appropriation, set off of lien deposits on maturity.
Requirements to Fixed Deposit
❖ Valid Photo I.D. & Address Proof of proprietor / partners /directors
Any one of proof for all partners/ directors or proprietor (Photo Id)
1.Passport,
2. Driving License,
3. Voter ID card,
4. Government Approved College/university I. Card,
5. Government / Semi government / Department I. Card
6. Aadhar Card
❖(B) Address Proof (Any One)
1. Electricity Bill (not more than 2 months old)
2. BSNL Landline Telephone Bill (not more than 2 months old)
3.Municipal Tax Bill
❖Other proof acceptable by Bank.
❖Passport Size Photograph – 2 Copies
❖Pan Card
❖Birth Certificate for minor a/c.
❖Senior Citizens have to produce age proof to avail extra Interest Rate benefit.