Fixed Deposits at NK Bank

At NK Bank, we offer fixed deposit accounts that can help you grow your savings and earn a higher rate of interest. A fixed deposit is a type of investment where you deposit a certain amount of money for a fixed period of time and earn a fixed rate of interest on it. Fixed deposits are a popular investment option in India, and at NK Bank, we offer a variety of options to suit your needs.  

Eligibility 

All Individuals singly or jointly, Professionals, Clubs, Associations, Charitable Trusts, Religious Institutions, Government bodies established under specific Acts are eligible to open these accounts. Customer should have valid KYC documents

Identity Proof

All Individuals singly or jointly, Professionals, Clubs, Associations, Charitable Trusts, Religious Institutions, Government bodies established under specific Acts are eligible to open these accounts. Customer should have valid KYC documents

Documents

If applicable of Memorandum of association & Article of association for Professionals, Clubs, Associations, Charitable Trusts, Religious Institutions, Government bodies established under specific Acts

Benefits 

  • It is convenient for business people and traders to facilitate in parking the liquid funds allowing any number of withdrawals and deposits.
  • No restriction on number of transactions.
  • Cheque book facility.
  • Nomination facility.
  • SMS alerts.

Types of Fixed Deposits

Regular Fixed Deposit:

  • Save funds for a fixed tenure and enjoy a fixed rate of return.
  • Flexible maturity periods ranging from 7 days to 10 years.
  • Earn secured returns and build a corpus to meet your needs.

Digital Fixed Deposit :

  • Open FD with full KYC without any documentation.
  • Fully digital end-to-end account opening process done in 7 minutes using video KYC and basic details.
  • Open your Digital FD with any bank’s Savings Account.

Tax-Saver Fixed Deposit :

  • Save money for your future as well as enjoy tax benefits.
  • Enjoy exemption on investment of up to Rs 1.5 lakh under Section 80C.
  • Lock-in period of 5 years for the principal amount.

Fixed Deposit Plus :

  • Earn higher rate of interest than regular FDs.
  • Minimum investment required is Rs 2 cr.
  • Choose between simple interest and compound interest.

Auto Fixed Deposit :

  • Link Savings Account to FD and enjoy flexibility of Savings Account and higher returns of FD.
  • Money is automatically transferred from Savings Account to FD when balance exceeds a pre-determined limit with Auto Fixed Deposit.
  • Access money in FD via ATM or cheques.

Senior Citizen Fixed Deposits :

  • Specifically designed for senior citizens.
  • Higher interest rates compared to regular fixed deposits.
  • Eligibility: Must be 60 years or older.
  • Minimum investment amount required.
  • Fixed period of time for the deposit.

Benefits of Fixed Deposits

  1. Higher interest rates: Our fixed deposit accounts offer higher interest rates than savings accounts, helping you earn more on your investments.
  2. Low risk: Fixed deposits are a low-risk investment option, as the interest rate is fixed and the principal amount is guaranteed.
  3. Flexible investment periods: You can choose the investment period that best fits your needs, ranging from 7 days to 10 years.
  4. Easy investment process: Opening a fixed deposit account at NK Bank is easy and hassle-free. You can visit one of our branches or apply online, and our customer service team is always available to assist you.
  5. Auto-renewal option: If you choose, your fixed deposit account can be set to automatically renew at maturity, ensuring that your savings continue to grow.

How to Open a Fixed Deposit Account

Opening a fixed deposit account at NK Bank is easy. You can visit one of our branches or apply online. To open an account, you will need to provide some basic personal information and proof of identity. Once your account is open, you can choose the investment period and deposit the required amount to start earning interest on your investment.

At NK Bank, we are committed to providing our customers with the best investment options to help them achieve their financial goals. Contact us today to learn more about our fixed deposit account options and how we can help you grow your savings.