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Below are the account opening requirements for PDCC Bank and interest rates charged:
Benefits
- The main purpose of fixed deposit account is to enable the individuals to earn a higher rate of interest on their surplus funds (extra money).
- The depositor is given a fixed deposit receipt, which depositor has to produce at the time of maturity. The deposit can be renewed for a further period.
- Safe custody of your fixed deposit receipts.
- Loan facility is available on principal and accrued interest
- Interest on deposits is payable either quarterly or compounded quarterly (i.e., re-investment of interest) or monthly at a discounted value at the option of the depositor
Documents Required
- Application form (Download from Above)
- Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License
- Proof of Address: Latest Telephone Bill or Electricity Bill
- Recent Colour Photograph(3 Nos.)
- PAN or Form 60/61 if applied for PAN
Terms And Conditions
- The rates are subject to change from time to time
- To qualify for a Fixed Deposit Account, you must be aged 18 or over and Nationality should be Indian
- The rates auto populated are for Resident deposits < 1Cr.
Interest Rates
| Sr.No | Tenure Period | Rate Of Interest (% p.a.) w.e.f. 24-07-2023 |
| 1 | 7 days to 14 days (single deposit of Rs 15 lakh and above.) |
4.00% |
| 2 | 15 days to 29 days | 4.00% |
| 3 | 30 days to 45 days | 4.00% |
| 4 | 46 days to 90 days | 4.25% |
| 5 | 91 days to 180 days | 5.10% |
| 6 | 181 days to less than 1 year | 6.05% |
| 7 | 1 year to less than 2 years | 7.10 |
| 8 | 2 year to less than 3 years | 7.35% |
| 9 | 3 years and above | 7.35% |
| (Additional 0.50% interest rate will be given to senior citizens for 1 year and above) | ||
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