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what are the formalities to open a fixed deposit account in a bank?
In Fixed Deposits  -  Asked by navdeep kaur -  6 years ago

Best Answer:
You need to submit
# Identity proof : Passports/Postal identification cards, Driving License, Voter Identity card, PAN card, Ration card etc.
# Proof of communication address
Other formalities you have to check with your bank branch.
To know Best FD rates offered by different banks visit
6 years ago - By Ritu

Other Answers (2)
Answer 1.
It is better to deposit money with nationalized bank your money is safe. Some people to get more interest rate deposit with private or foreign banks or corporates but there is risk of losing money.
6 years ago - By Bindu
Answer 2.
Now banks are raising fixed deposit rates and few of them have already done it. This is the safe option of investment in which you earn sure return.
6 years ago - By Mini
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