Fixed Deposit Account

Enjoy a known rate of return for your choice of term, so you know exactly what your investment will be worth.

ELIGIBILITY

Fixed Deposit Account can be opened by:

Any person or institutions/companies having any type of accounts with the Bank can make a Fixed Deposit
The Fixed Deposit may also be made for or on behalf of minors under the guardianship of their natural/court appointed guardians
By two or more persons in their joint name with operative clause as to “either or survivor” or “anyone or survivor” or “jointly.

INTEREST RATE

Contact Bank for the details

INTEREST PAYMENT

The interest payout frequency can be either monthly, quarterly, half-yearly, yearly or on maturity.

REQUIRED DOCUMENTS

Eligibility	Documents Required
1. Individual Account	✓ Photocopy of a valid ✓ Passport / Citizenship ID Card ✓ Two Passport sized photographs ✓ Legal stamp
2. Non-Bhutanese Individual	✓ Work Permit copy ✓ Passport copy ✓ Legal stamp ✓ Two Passport sized photographs
3. Minor Account	✓ Photocopy of a valid passport/Citizenship ID Card of parents or guardian ✓ Two Passport sized photographs of the guardian ✓ Minor’s Health Card
4. Institutions/Companies	✓ Copy of resolution authorizing FD account ✓ Name, Address & Specimen signatures of authorized person operating the account ✓ A written letter of request to issue FD account ✓ Legal stamp, Rubber stamp and Trade License is required to open account for any institution or company

PATIAL WITHDRAWAL OF FIXED DEPOSIT

If a customer wants to premature his fixed deposit, the entire fixed deposit need not be broken and he can premature only the amount he requires.

ACCOUNT CLOSURE

On maturity, the account can be automatically closed or renewed.