Fixed deposits have never seemed as interesting, with equity markets apparently keen on discovering how far they can fall. What's more, interest rates on deposits are rather attractive at current. Opening a fixed deposit may not be as quick as buying stocks, but it isn't a hassling process either. Here's detailing how you can open a bank fixed deposit and a corporate fixed deposit.

DOCUMENTATION

When open a fixed deposit documents required are for proof of identity, address, signature, and in case of senior citizenship, age. There are a variety of documents you can produce for proof of identity and address, such as your passport, driving license, voter's identity card, PAN card, ration card, recent utility bills, credit card bills and so on.

Signature proofs can take the form of passport, PAN card or a signed cheque. Apart from this, some banks, such as Axis Bank, also demand an introduction letter from an account holder.

BANK DEPOSITS

The minimum amount quantity to be placed deviates with the banks, but is usually around Rs 10,000. If the best question on your mind concerning deposits is if you need a savings account with the bank, be confident.

Most banks don't require you to be a profile case first, though there are some advantages. For example, if you have internet checking empowered with your lender, beginning a resolved put in may only need you to log on and open a resolved put in. You can choose the kind of put in you want to make, the time frame, and the quantity.

Other advantages include facility amenities and backlinks the put in to your profile and making it possible for the sweep-in and sweep-out amenities.

However, on the internet or not, beginning a put in in other financial institutions is hardly a difficult process.

It simply requires submitting a type, putting together a set of records and your shots and posting them. The lender will issue a resolved put in bill which you need to hold on to.

While all financial institutions have the required types at their offices, a good many, such as Kotak Mahindra Bank or Axis Bank, have them available on their Website. Obtain, list and load these out.

Still others such as HDFC Bank, ING Vysya, Axis Bank and ICICI Bank allow you to publish information on the internet, publish which the lender delivers a consultant to gather the type and necessary records.

You can also opt to publish them at the nearest lender division itself, but in such a case, you have to go in person. Forms are either available under the ‘Accounts and Deposits' tab on the Website or in the ‘Downloads' area.

COMPANY DEPOSITS

The process for opening company deposits is similar to that of a bank deposit. Forms can be downloaded from the company Web site or taken from the manager of the deposit scheme.

Submission of the filled-out form, along with the cheque for the deposit amount, should be done at the bank branches specified by the company or to the manger of the issue. Note that only bank deposits up to Rs 100,000 are insured.