Fixed deposits are one of India’s favourite investment option. One of the main reason is that it is extremely convenient to open a fixed deposit in India with a bank.

Banks have all our personal details such as name, address, PAN card, nominee details, etc. So, when it comes to opening a fixed deposit, there’s almost minimal or no documentation involved (via net banking).

Other than the convenience aspect, fixed deposits are also popular because of their higher interest rates (vis-à-vis the savings bank account).

If you are looking further to make a deposit in the bank I have attached a link that may help you to know about the documents required for opening a fixed deposit :