• ho@bnsb.co.in
  • 07453-230343

Fixed Deposit

A fixed deposit account may be opened by

any Personal/Individual/Minor/ HUF/Firm/Company/Club/ Trust/Society/Association etc.

  • We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposit is insured up to Rs. 5 Lakh.
  • Fix deposit scheme is an attractive scheme to deposit your savings for fix period for 15 days to 120 months as per your requirements.
  • We provide attractive Interest Rates to our Customers from time to time.
  • We offer 0.50% extra Interest Rate to Senior Citizens (Age 60 years or above) on fix deposits.
  • Guardian can open Minor’s Fix deposit A/c. When minor turn major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.
    We offer nomination facility for all deposit accounts.
  • We provide Monthly and Quarterly Interest payment to our customers on their existing Fix Deposits as per their instruction
  • Loan and Overdraft facility is available against Fix deposit upto 90%.
  • The maturity date of Loan and Overdraft Account against Fix Deposit is maturity date of Fix Deposit Receipt.
  • TDS on Interest income will be deducted as per Income Tax Act.

Rules & Regulations of Fixed Deposit Scheme

  • Depositor has to fulfill KYC norms as per RBI directives.
  • Customer can Open Fix Deposit A/c with minimum of Rs.1000/-
  • Guardian can open Minor’s Fix Deposit A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her own signature.
  • The maturity amount is payable on maturity date. If depositor do not renew or withdraw the deposit then extra interest will not be payable for delayed days.
  • All rights reserved to the Bank’s management to Change the Interest Rate of the Fix Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
  • The Bank having all rights of appropriation, set off, lien and change the rules and regulation for the scheme.

Requirements to Open Bank Account

Valid Photo I.D. & Address Proof

Any one of proof (Photo I.D. Proof)

  • Passport
  • Driving License
  • Voter ID Card, Aadhar Card, PAN Card
  • Government Approved College/university I.Card
  • Government/Semi government/Department I.Card

Address proof.

  • Ration Card
  • Electricity Bill (not more than 2 months old)
  • Landline Telephone Bill (not more than 2 months old)
  • Municipal Tax Bill, Aadhar Card, Driving License
  • Other proof acceptable to Bank.

Passport Size Photographs – two copies
Pan Card with forwarding letter/Declaration on form 60/61.
Senior Citizens have to produce age proof to avail extra Interest Rate benefit.