Fixed Deposit Eligibility

Yes, a minor can open a fixed deposit in their name, provided their parent or guardian represents the minor. The application form for a fixed deposit should be signed by the parent/guardian on behalf of the child.

Permanent Account Number or Form No. 60 as defined in Income-tax Rules, 1962 (Please refer point 9(b)).

Photograph needs to be submitted at the time of placing of fresh deposit/renewal, if not submitted earlier.

Copy of any OVD (Officially Valid Document) containing details of his identity and address

List of OVD documents:

• Passport
• Driving License
• Voter ID
• Job card issued by NREGA duly signed by an officer of the State Government
• Aadhaar Card.
• Letter issued by the National Population Register containing details of name and address.

Where the OVD mentioned above does not have updated address, the following additional documents can be submitted for the limited purpose of proof of address (The Depositor shall submit OVD with current address within a period of :

• Pension payment orders
• Property or Municipal Tax receipt
• Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or regulatory bodies.
• Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India.
• Latest Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water bill).

Yes. Fixed deposits from NRIs are accepted from 01-04-2021 for three years

• HUF PAN card
• HUF Declaration
• Proof of ldentity and Address (As per KYC documents mentioned for Individual) of the Karta.

• Registration certificate
• Partnership deed
• Permanent Account Number of the partnership firm.
• Proof of identity and address (as per KYC documents mentioned for individuals) of the authorised signatories.

• Registration certificate
• Trust deed
• Permanent Account Number.
• Proof of identity and address (as per KYC mentioned for individuals) of the authorised signatory of the trust/institution signing the application.

• PAN Copy 
• NRI undertaking cum FATCA/CRS Form 
• Address Proof (of India) 
• Address Proof (of Overseas) 
• PIO Card (if it is a foreign passport) 
• Tax Residency Certificate (TRC) for the IT Dept. of the country of which the investor is resident to avail DTAA benefit. 
• Overseas Employment letter (Optional for confirmation of residential status and overseas address) 
• Passport with valid Visa Page 
• DTAA declaration

• Document showing the name of the person authorised to act on behalf of the entity; 
• Proof of identity and address (as per KYC documents mentioned for individuals) of the person who is holding the power of attorney to transact on its behalf and. 
• Permanent Account Number 
• Such information as may be required to collectively establish the legal existence of such an entity/juridical person.

• Resolution of the managing body of such Association or Body of Individuals. 
• Power of attorney granted to him to transact on its behalf. 
• Permanent Account Number 
• 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 Individuals. 
• Such information as may be required to collectively establish the legal existence of such an association or Body of Individuals.