Eligibility and Documents Required for Fixed Deposit

Fixed deposit are considered a safe investment option that guarantees consistent interest rates, special interest rates for senior citizens and no market-related risks, with income tax deductions. If you want to invest in a low-risk environment and earn attractive interest income, a fixed deposit is the ideal investment option for you. FD KYC Documents To comply with "Know your customer" guidelines for Banks and NBFCs prescribed by the Reserve Bank Of India, applicant should provide a certified copy of ID proof and Address proof. Eligibility Criteria to Open a Fixed Deposit You must be: an Indian citizen living in India Hindu Undivided Family (HUF) Sole Proprietorships Partnership Firms Companies Clubs Associations Family Trusts Societies Documents Required to Open a Fixed Deposit Account 1. For Resident Individuals Any one of the documents to be submited for ID & Address Proof
Id Proofs Passport PAN Card Driving License Voter Id Job Card by NREGA Aadhar Card Address Proofs Passport Driving License Voter Id Job Card by NREGA Aadhar Card Pension Payment order Property/Municipal Tax Receipt Savings Bank Account statement/Post Office Saving Account pass book Accommodation Letter from Employer Documents by Foreign Authorities Latest Utility Bill of any service provider (electricity, telephone, postpaid mobile phone, piped gas, water bill) 2. For Company Certificate of incorporation. Memorandum and Articles of Association. A resolution from the Board of Directors and power of attorney granted to its Managers, Officers or employees to transact on its behalf. PAN copy of the company Proof of identity and address (as per KYC documents mentioned for individuals) of the authorised signatory of the company signing the application 3. For Partnership Firm Registration certificate Partnership deed Authorised signatory List Proof of identity and address(as per KYC documents mentioned for individuals) of the authorised signatories. 4. For HUF HUF PAN card HUF Declaration Proof of Identity and Address ( As per KYC documents mentioned for Individual) of the Karta. 5. For Trust & Foundations Registration certificate Trust deed Authorised signatory List Proof of identity and address (as per KYC mentioned for individuals) of the authorised signatory of the trust / institution signing the application. 6. For Unincorporated Association or Body of Individuals Resolution of the managing Body of such Association or Body of Individuals. Power of attorney granted to him to transact on its behalf. Proof of identity and address (as per KYC documents mentioned for individuals) of the person who is holding the power of attorney to transact the business on behalf of the Unincorporated association or Body of Individual. Such information as may be required to collectively establish the legal existence of such an association or body of individuals.

Eligibility and Documents Required for Fixed Deposit