How to Open Bharat Bank Fixed Deposit Account
Updated on: Sep 7th, 2023
Opening a Fixed Deposit (FD) account with Bharat Co-operative Bank allows you to secure your savings and watch your wealth grow with peace of mind. Whether you're considering a regular, monthly, or quarterly fixed deposit, understanding the straightforward process to open an FD account can pave the way to financial security. In this blog, we break down everything you need to know about opening an FD account with Bharat Co-operative Bank, from the eligibility criteria to the required documents and frequently asked questions.
How to Open an FD Account in Bharat Co-operative Bank
- Log in to your account through the bank's website or mobile app.
- Navigate to the 'Open a Fixed Deposit' option.
- Fill in the application form with details such as the deposit amount, tenure, maturity instructions, nomination, and interest payout options.
- Once you have filled in the required details, review the form and click 'Submit'.
- An OTP will be sent to your registered mobile number and email address.
- Enter the OTP to complete the verification process.
- The deposit amount will be deducted from your linked savings account, and the bank will create your fixed deposit account.
- Visit the nearest Bharat Co-operative bank branch.
- Take the FD application form.
- Fill in the required details and submit the necessary documents.
- Submit the form to the branch.
- The bank will create your FD account upon verifying the details.
- Registered co-operative societies
- Registered public trusts
- Hindu Undivided Families (HUFs)
- PAN card
- Aadhar card
- Driving license
- Voter ID
- Aadhar card
- Voter ID
- Electricity bill
- Telephone bill
Premature withdrawal in case of death?
In the event a joint holder of a fixed deposit account passes away before the maturity date, the surviving account holder can opt for premature withdrawal, adhering to the terms outlined in the bank's Deposits Policy and the Fixed Deposits Terms & Conditions.
What is the tenure of interest payment?
The bank offers a variety of interest payout options, including monthly, quarterly, and at-maturity choices for its FD plans.
Is the ₹5 lakhs DICGC insurance cover applicable on Bharat Co-operative Bank FD?
Yes, the DICGC insurance cover applies to Bharat Co-operative Bank FDs, ensuring your deposits up to ₹5 lakhs are secure.
What occurs at the maturity of a minor's FD?
Upon maturity of a minor's FD, the bank transfers the maturity proceeds to the minor's account or issues a pay order in the minor's favour.
returns on FD
Lock in returns as high as
8.35% before they go down
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Understanding Fixed Deposit
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