Fixed Deposit in Pune

Fixed deposits (FDs) have emerged as a popular investment avenue in Pune, providing residents with a secure and reliable way to grow their savings. With a wide range of banks offering FD schemes, such as Bajaj Finserv, Suryoday, and Utkarsh Small Finance Bank, investors in Pune have ample options to choose from. The tenure for these deposits can span from a short period of 7 days to a long-term commitment of 10 years, catering to diverse financial goals.

One of the key attractions of FDs is the higher interest rates they offer compared to traditional savings accounts, making them an attractive choice for those seeking to maximise their returns while maintaining a low-risk profile. As we delve deeper into the benefits of fixed deposits in Pune, it becomes evident why this investment instrument has gained such widespread popularity among the city's residents.

Fixed Deposit Interest & Return Calculator

Estimate your Fixed Deposit returns instantly. Enter amount, interest rate, and tenure to see your maturity amount.

Deposit Amount ₹50,000

₹1K₹10L

Interest Rate 7%

1%15%

Tenure 2 Years

1Y10Y

Invested Amount

Interest Earned

Total Maturity

Book FD Book FD

Benefits of Fixed Deposit in Pune

Investing in a fixed deposit in Pune comes with a host of advantages that make it an appealing choice for individuals looking to grow their wealth. Here are some of the key benefits:

Assured Returns: Unlike market-linked investments that are subject to fluctuations, FDs provide guaranteed returns, ensuring that your investment remains secure and predictable throughout the tenure.
Competitive Interest Rates: Banks in Pune, such as Sriram Finance and Shivalik, offer competitive interest rates on FDs, especially for longer tenures, enabling investors to earn substantial returns on their deposited funds.
Flexibility in Tenure: With a wide range of tenure options available, ranging from a few days to several years, investors in Pune can choose an FD that aligns with their specific financial goals and liquidity requirements.
Loan Against FD: In case of unforeseen financial emergencies, investors can avail loans against their fixed deposits, providing them with quick access to funds without having to prematurely liquidate their investment.
Tax Benefits: Certain FD schemes, such as tax-saving fixed deposits, offer tax deductions under Section 80C of the Income Tax Act, allowing investors to save on their tax liabilities while earning attractive returns.
Safety and Security: Fixed Deposits in Pune are insured by the Deposit Insurance and Credit Guarantee Corporation up to a limit of ₹5 lakh per depositor per bank, providing an added layer of protection for your invested funds.

How to Apply for Fixed Deposit in Pune

Applying for a fixed deposit in Pune is a simple process that can be completed either online or offline through various banks and financial institutions. To get started, you'll need to have a savings account with the bank of your choice and ensure that your Know Your Customer (KYC) documents are up-to-date.

Here's how you can apply for a fixed deposit in Pune:

Online Application: Register using your mobile number and verify through OTP. Provide your PAN and Aadhaar details for KYC verification. Select the principal amount and tenure for the fixed deposit. Complete the application form and transfer funds from your savings account.
Offline Application: Visit a branch of your preferred bank in Pune. Fill out a physical application form and provide necessary KYC documents. Deposit the minimum required amount to open the fixed deposit account.
Digital KYC: Some banks offer video KYC, allowing you to complete the verification process remotely, making it even more convenient to apply for a fixed deposit.

Once you've completed the application process, you can enjoy the benefits and features of a fixed deposit in Pune.

Features of Fixed Deposit in Pune

Fixed deposits in Pune are ideal for individuals looking for low-risk investments with guaranteed returns. Here are some of the key features of fixed deposits in Pune:

Interest Rates: Banks in Pune offer competitive interest rates, which can vary depending on the tenure and type of fixed deposit. For example, rates may be higher for senior citizens or longer tenures.
Tenure Flexibility: Fixed deposits can be opened for a tenure ranging from a few days to ten years. Some institutions offer specialised tenures with higher returns, giving you the flexibility to choose a tenure that suits your financial goals.
Minimum Deposit: The minimum deposit amount varies among banks, with amounts starting from ₹5,000 for some banks and going up to ₹10,000 for others.
Loan Against FD: Many banks allow customers to take an overdraft or loan against their fixed deposits, providing liquidity in times of need. This feature can be particularly useful if you require funds urgently but don't want to break your fixed deposit prematurely.
Tax Benefits: Certain types of fixed deposits, such as tax-saver FDs, offer tax deductions under Section 80C of the Income Tax Act, helping you save on taxes while earning attractive returns.
Nomination Facility: Banks often provide a nomination facility, allowing you to designate a beneficiary for your fixed deposit in case of unforeseen circumstances. This feature ensures that your loved ones can access your funds easily in case of an emergency.

Eligibility Criteria of Fixed Deposit in Pune

In Pune, various financial institutions offer fixed deposit schemes, each with its own set of eligibility requirements. However, some common criteria apply to most fixed deposit accounts:

Resident Indians: If you're a resident Indian, you can easily open a fixed deposit account in Pune. This includes individuals as well as joint account holders.
Hindu Undivided Families (HUFs): HUFs can also invest in fixed deposits by providing necessary documents such as the HUF deed and the Karta's PAN card.
Sole Proprietorship and Partnership Firms: These business entities are eligible to invest in fixed deposits, but they must submit relevant business documents.
Limited Companies and Trusts: Companies and trusts can invest in fixed deposits by furnishing required legal documents, including registration certificates and board resolutions.
Non-Resident Indians (NRIs): NRIs can invest in fixed deposits, although the process is usually offline and subject to specific regulations.

Why Choose Airtel Finance

Airtel Finance offers an attractive option for fixed deposit investments in Pune, aiming to provide customers with a seamless and rewarding investment experience.

Here's why you should consider Airtel Finance for your fixed deposit needs:

Competitive Interest Rates: Airtel Finance offers competitive interest rates on fixed deposits, ensuring that your money grows at an optimal pace. With Airtel Finance fixed deposit, you can earn attractive returns on your investment.
Flexible Tenure Options: Airtel Finance provides flexibility in choosing the tenure of your fixed deposit. Whether you're looking for a short-term or long-term investment, Airtel Finance has suitable options to match your financial goals.
Trust and Reliability: Airtel is a well-established and trusted brand in India. By investing in an Airtel Finance fixed deposit, you can have peace of mind knowing that your money is in safe hands.
Easy Online Process: Airtel Finance offers a convenient online process for opening and managing your fixed deposit account. You can easily apply for a fixed deposit, track your investment, and manage your account through Airtel's user-friendly digital platform.