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.
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