How to do fixed deposit with people from bank

Question

Accepted Answer

To open a fixed deposit with a bank, visit the bank branch, fill out the necessary forms, provide required documents, and deposit the desired amount.

Visit the bank branch where you hold an account
Fill out the fixed deposit form with details like deposit amount, tenure, and nominee information
Provide necessary documents such as ID proof, address proof, and passport size photographs
Deposit the desired amount in the fixed deposit account

Accepted Answer

To open a fixed deposit (FD) with a bank, first, choose a bank offering good interest rates. Provide necessary documents like ID proof (Aadhaar, passport), address proof, and your bank account details. You can open the FD either by visiting the branch or through the bank's online platform. Decide the deposit amount, tenure, and interest payout option (cumulative or periodic). After depositing the money, the bank issues an FD receipt. Upon maturity, withdraw or reinvest the funds. Premature withdrawals may incur penalties. Bank staff can assist you with any step if needed.

Accepted Answer

Yes

How to do fixed deposit with people from bank

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