Fixed Term Deposit

BASIC Bank offers fixed term deposit to boost up customers savings in time. One can deposit a lump sum of money for a fixed period to get attractive rate of return.

Features:

• A non-transferrable instrument (FDR) to be issued in favor of account holder.
• Taxes and duties will be applied as per govt. rule.
• Premature encashment will be allowed but conditions applied.
• Loan facility available up to 90% of deposit amount but conditions applied.

Fixed Term Deposit can be opened in the name of:

• Individual (Single).
• Two or more Individuals (Joint)
• Sole Proprietorship Concern.
• Partnership Concern (Firm).
• Limited Companies (both Public and Private).
• Society / Club / Association / Local Bodies / Govt./Semi Govt. Organization, etc.

Required Information & Documents:

• Duly filled up Account Opening Form.
• NID/ Birth Certificate/ Valid Passport
• TIN (if any).
• Two copies of recent passport size Photographs of account holder duly attested by the Introducer.
• One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.

For opening of FDR accounts for joint stock companies, associations and clubs etc.:

• Copy of Registration or Incorporation certificate (in case of company or registered organization)
• Copy of certificate of commencement (only for public limited company). 
• Copy of Memorandum and Articles of Association (in case of limited company)
• Copy of Constitution and By-law (in case of association)
• Copy of minutes of board of directors / managing committee / governing body meeting for account management
• Certified copy of the names of directors / officials and their signatures
• Declaration.

Tenure wise Interest Rate:

*Interest rate is subject to change from time to time.