Fixed Deposit:-

A fixed deposit (term deposit) helps you earn more interest income on the invested lump sum amount for a fixed period. The rate of interest varies depending upon the term of deposit. The rate of interest, locked for a fixed period, is unaffected by the change in interest rates or market conditions, thus ensuring guaranteed returns at the end of maturity period. The Fixed deposits can be linked to your savings or current account and the maturity amount can be directly credited to your account. Moreover Yadrav Bank provides insurance cover for the fixed deposits up to Rs. 5.00 Lakhs (Rs. Five Lakhs). Click here to download the Fixed Deposit account opening form.

Eligibility:-

An individual (single/joint) account holder, standalone investor, minor by guardians, organizations, co-operative societies, trusts, association, partnership firm, company can open a term deposit.

Facilities Available:-

1. Premature withdrawal is allowed.
2. Nomination facility
3. DIGC insurance for FD value up to Rs. 5.00 (Five) lakhs.
4. Loan on FD available

Documents Required:-

1. KYC documents for individual / joint customers and guardian (in case of minor).
2. KYC documents, Resolution copy and Request from authorized signatories in case of trust / association /

    Organization / Company with KYC documents of the institution.