What is a Fixed Deposit?
A Fixed Deposit (FD) is a financial instrument that allows you to invest a lump sum amount for a fixed tenure at a predetermined interest rate. It is one of the safest investment options that provides guaranteed returns upon maturity. Unlike savings accounts, FDs offer higher interest rates and are ideal for individuals looking for stable, predictable income without market risks.
Key Features & Benefits
Minimum Deposit
Open FD account with a minimum deposit of just ₹500
Guaranteed Returns
Interest rates locked in advance - no uncertainty or market risk
Flexible Tenure
Choose tenure from 46 days to 24 months based on your needs
Interest Payment Options
Choose to receive interest monthly, quarterly, or at maturity
Loan Against FD
Get loans against FD balance when immediate funds are needed
Deposit Insurance
All deposits insured up to ₹5,00,000 under RBI scheme
Interest Rates
Fixed Deposit Account - Interest Rates
| Tenure | Regular Deposits (%) | Senior Citizens (%) |
|---|---|---|
| 31 days to 180 days | 5.5% | 6.0% |
| 181 days to 225 days | 6.5% | 7.0% |
| 226 days to 364 days | 8.0% | 8.5% |
| 365 days to 729 days | 9.0% | 9.5% |
*Senior Citizens enjoy an additional 0.5% interest. Interest rates subject to change as per our policy and guidelines given
🎯 Special Fixed Deposit Scheme
| Tenure | Interest Rate (%) | Senior Citizen Rate (%) |
|---|---|---|
| 730 days to 1094 days | 10.0% | 10.5% |
| 1095 days to 1459 days | 11.0% | 11.5% |
| 1460 days to 1825 days | 12.0% | 12.5% |
Special Features: This scheme provides assured returns with flexible tenure options, perfect for long-term financial planning.
Eligibility & Documents
Eligibility Criteria
- ✓ Indian citizen
- ✓ Minimum 18+ years of age
- ✓ Individual or Joint deposit facility
- ✓ Parents can open for minors (18 years and below)
Required Documents
- • Two passport-size photographs
- • Aadhar Card
- • PAN Card (Xerox)
- • Voter ID or driving license
- • Ration card or utility bill
Note: We require any three official documents from the above list as proof of identity and address. For minors, guardianship documents are required.
How to Open a Fixed Deposit
- Visit Our Branch: Come to KKSSSN with your documents and ID proof
- Choose FD Parameters: Decide on deposit amount, tenure, and interest payout frequency
- Complete Application: Fill FD opening form with your financial details
- Document Verification: Our staff will verify all your documents
- Make Deposit: Pay the FD amount (minimum ₹500)
- Receive FD Certificate: Get your FD certificate and passbook with maturity details
Key Advantages
✓ Safety & Security
Your deposits are insured by RBI up to ₹5,00,000, providing complete safety
✓ Higher Returns
Up to 11% p.a. for senior citizens, far better than savings account interest
✓ Flexible Options
Choose tenure, deposit amount, and interest payment frequency as per your needs
✓ No Risk
Guaranteed fixed returns - no market volatility or investment risk
✓ Loan Facility
Borrow against FD balance up to 80% when you need emergency funds
✓ Easy Renewal
Auto-renewal options available to continue earning at maturity
Invest in Your Future with Fixed Deposits
Earn up to 11% interest with guaranteed returns. Start with just ₹500. Contact us today to open your account!