What Are The Documents Required For Fixed Deposit


There are several documents required to open a fixed deposit. However, different types of customers such as individuals, trusts, and companies require different documents. To open a fixed deposit, you should read the documents required carefully.

Here are different categories of customers and the documents required for fixed deposit:    

Hindu Undivided Families, Individuals, and Sole Proprietorship Firms

● Passport, Driving License, Voter ID card, or PAN Card

● Introduction by a savings bank account holder of any bank including PNB Bank

● A photograph of the person who will open and operate the account

Trusts

Copies of the following documents should be submitted for opening fixed deposit by Trusts:

● Trust Deed

● Registration Certificate

● Resolution of Trustees that identify and authorise the members to open and operate the fixed deposit account

● Photographs of the members who will open and operate the account

Associations and Clubs:

Copies of the following documents should be submitted for opening fixed deposits by associations and clubs:

● Bye-laws of the Association

● Resolution by the board that authorises the members to operate the account

● Photographs of the members who will open and operate the account

Partnership firms

Documents required for fixed deposit from partnership firms include:

● Partnership Deed

● Letter from partners that approve the persons concerned to operate the account

● Photographs of the persons who will open and operate the account

Also Read: What is a Fixed Deposit? And it's Importance

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