Banks, in order to serve a wider class of people, whether regular citizen or senior citizen, resident or non-resident, offer different types of fixed deposit accounts. And, every one of these fixed deposit account types is unique in nature and serve different purposes. There are certain rules associated with every fixed deposit type like minimum & maximum deposit amount, deposit tenure, etc. which must be fulfilled in order to successfully open an FD account.

This article will focus on the minimum amount for fixed deposit account by giving out the details of different fixed deposit schemes offered by top banks in India.

State Bank of India

FD Scheme Minimum Deposit Maximum Deposit Deposit Period
SBI Term Deposit Rs 1,000 No Limit 7 days to 10 years
SBI TAX SAVINGS SCHEME, 2006 Rs 1,000 Rs 1,50,000/ year 5 years to 10 years
SBI Fixed Deposit Reinvestment Plan Rs 1000 No Limit 6 months to 10 years
SBI Multi Option Deposit Scheme Rs 10,000 (in multiple of Rs 1000) No Limit 1 year to 5 years

Bank of Baroda

FD Scheme Minimum Deposit Maximum Deposit Deposit Period
Short Deposits Rs 1000 No Limit 7 days to 10 years
Baroda Advantage fixed deposits Rs 15,01,000 No Limit 1 year to 10 year
BOB Suvidha Fixed Deposit Scheme Rs 5,000 No Limit 1 year to 5 year
Regular Income Plan Rs 1,000 No Limit 1 year to 10 year
Monthly Income Plan Rs 1,000 No Limit 1 year to 10 year
Baroda Tax Savings Term Deposit Rs 100 (in multiple of Rs 100) Rs 1,50,000/ year 5 year to 10 year
Capital Gain Account Scheme, 1988 Rs 1,000 (in multiple of Rs 100) No Limit 1 year to 10 year

Punjab National Bank

FD Scheme Minimum Deposit Maximum Deposit Deposit Period
PNB SUGAM PLUS- 333 DEPOSIT SCHEME Rs 10,000 Rs 10 crore 333 days
PNB SUGAM PLUS- 444 (Callable) Rs 10,000 Rs 10 crore 444 days
PNB UTTAM- 444 (Non Callable) Rs 15 Lakh Rs 10 crore 444 days
PNB SUGAM PLUS- 555 Rs 10,000 Rs 10 crore 555 days
PNB UTTAM – NON CALLABLE DEPOSIT Rs 15 lakh No Limit 91 days to 10 years
PNB Anupam Term Deposit Scheme Rs 10,000 Rs.99,99,000 6 months to 120 months
PNB Multi Benefit Term Deposit Scheme Rs 100 Rs.99,99,000 6 months to 120 months.
PNB Special Term Deposit Scheme Rs 100 Rs.99,99,000 1 year to 10 year
PNB Sugam Term Deposit Scheme Rs 10,000 Rs 10 crore 46 days to 10 years
PNB Ordinary Term Deposit Scheme Rs 100 Rs.99,99,000 Min 7 days to 179 days.
PNB Tax Saver Fixed Deposit Scheme Rs 100 Rs 1,50,000/ year 5 years to 10 years

HDFC Bank

FD Scheme Minimum Deposit Maximum Deposit Deposit Period
Regular Fixed Deposit Rs 5,000 No Limit 7 days to 10 years
5 Year Tax Saving Fixed Deposit Rs 100 Rs 1,50,000/ year 5 year

ICICI Bank

FD Scheme Minimum Deposit Maximum Deposit Deposit Period
Traditional Plan Rs 10,000 No Limit 7 days to 10 years
Reinvestment Plan Rs 10,000 No Limit 6 months to 10 years
FD 390 Days Rs 10,000 No Limit 390 Days

Axis Bank

FD Scheme Minimum Deposit Maximum Deposit Deposit Period
Regular FD Rs 5,000 No Limit 7 days to 10 year
Tax Saver FD Rs 100 Rs 1,50,000 5 years
Fixed Deposit Plus Rs 5 crore No Limit 7 days to 10 year

You can open FD account of your choice at any banks and also use the FD return calculator to compare the status of fixed deposit at maturity.

Conclusion

The minimum amount for fixed deposits vary from bank to bank and also depend on the FD scheme. You can check them either by visiting the nearest bank branch or its website.

However, in order to provide wider coverage of schemes to the general public, the minimum amount for opening an FD account starts at a few thousand rupees.

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