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How to Open Shivalik Small Finance Bank Fixed Deposit Account

Updated 06 Sep 2023

In the realm of financial investments, fixed deposits (FD) have held a prominent place due to their safety, reliability, and assured returns. Amid the vast sea of banking institutions, Shivalik Small Finance Bank has carved a niche, offering many FD options suited to a diverse clientele.

 

Suppose you are contemplating where to place your hard-earned money with the intent of future security. In that case, this article will guide you on opening an FD account with Shivalik Small Finance Bank and other pertinent details.

How to open an FD account in Shivalik Small Finance Bank

  • Visit the bank's official website, navigate to 'fixed deposit', and click on 'net banking login'.
  • Log in or create a new account if needed.
  • You'll be redirected to a page to fill in details such as FD tenure, nominee account, and digital signature.
  • Confirm your details and upload the necessary documents.
  • Deposit the desired FD amount using net banking.
  • You'll receive an acknowledgement receipt. Keep it safe.

Eligibility Criteria

  • A resident citizen of India
  • Non-Resident Indians (NRI)
  • Senior citizens in India
  • Hindu Undivided Families (HUFs)
  • Minors via parents/guardians
  • Sole proprietorships
  • Partnership firms
  • Societies, trusts, clubs, and associations

Documents Required

Identity proofs

  • PAN card
  • Passport
  • Driving license
  • Aadhaar card
  • Voter ID card

Address proofs

  • Driving license
  • Passport
  • Aadhaar card
  • Utility bill (electricity, telephone, etc.)
  • Property or municipal tax receipt

FAQs

Is there a right time to invest in a fixed deposit?

It depends on financial goals, risk appetite, and prevailing interest rates. Ideally, when interest rates are high.

Why choose FD over other investments with better returns?

FDs offer guaranteed returns with lower risk compared to other instruments.

Does the ₹5 lakhs DICGC insurance cover apply to Shivalik Small Finance Bank FD?

Yes, it applies.

What is the minimum investment period for FDs?

At Shivalik Small Finance Bank, it's 7 days.

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Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.

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