For Individuals

• Most banks require a minimum deposit of ₹1,000 to ₹5,000 to open a fixed deposit account.
• Private sector banks may set the minimum at ₹10,000 for certain tenures or online deposits.
• The amount may vary based on whether the deposit is opened at a branch or digitally.
• Senior citizens can start FDs with the same minimum and enjoy higher interest.
• Some banks offer micro-deposit FDs starting from as low as ₹100 through mobile apps.

For HUFs (Hindu Undivided Families)

• HUFs generally follow the same minimum deposit amount as individual accounts.
• The deposit starts from ₹1,000 in public sector banks and up to ₹10,000 in private banks.
• The amount may vary if opened as part of a tax-saving fixed deposit.
• The FD must be in the name of the HUF’s Karta on behalf of the family.
• Interest is credited to the HUF’s savings account.

For Sole Proprietors and Business Entities

• Business entities usually open fixed deposits with higher minimums, ranging from ₹10,000 to ₹25,000.
• Banks may offer bulk or corporate deposit options for amounts starting at ₹1 lakh.
• Tenure and rate flexibility increase with higher deposit amounts.
• The FD can be linked to business accounts for liquidity planning.
• Documents like PAN and business registration are mandatory.

For Trusts and Societies

• Trusts and societies may need to deposit a minimum of ₹10,000 to open a fixed deposit.
• The amount can be higher based on the bank’s policy for institutional deposits.
• Banks may offer customized interest rates for large deposits.
• The funds are typically used for endowments, grants, or future expenses.
• A board or trust resolution must authorize the FD investment.

For Non-Resident Indians (NRIs)

• NRIs can open NRE/NRO/FCNR fixed deposits starting from ₹25,000 or USD 1,000.
• Some banks accept NRI deposits as low as ₹10,000 or equivalent foreign currency.
• The minimum amount varies based on the currency and bank’s foreign exchange policy.
• Repatriation and taxation rules apply differently for each FD type.
• NRIs must provide passport, visa, and overseas address proof during account setup.