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Book FDOpening a fixed deposit account requires specific paperwork, but knowing which documents for fixed deposit applications you need can save valuable time. Whether you’re a first-time investor or adding to your portfolio, understanding the documents required for FD helps streamline the entire process. From identity verification to address proof, having the right papers organised ensures your investment journey begins smoothly and without unnecessary delays
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Opening a fixed deposit requires specific paperwork to comply with banking regulations and Know Your Customer (KYC) norms. The documents required for fixed deposits vary depending on your category as an applicant, but most institutions follow similar guidelines. Understanding these requirements beforehand can streamline your application process and help you gather the necessary paperwork efficiently.
When opening an individual fixed deposit, you'll need to provide the following documents:
Identity Verification:
• Aadhaar Card (most widely accepted)
• PAN Card (mandatory for tax purposes)
• Passport
• Voter ID Card
• Driving Licence
Address Verification:
• Recent utility bills (electricity, telephone, gas)
• Bank statements showing the current address
• Aadhaar Card with updated address
• Passport or driving licence with current address
Additional Requirements:
• Form 60 if PAN Card is unavailable
• Recent passport-sized photographs
Senior citizens require the same fixed deposit documents as individual applicants, plus additional documentation to verify their eligibility for preferential interest rates:
Standard Documentation:
• All documents listed under individual requirements
• Valid identity and address proofs
• PAN Card or Form 60
Age Verification:
• Birth certificate
• Passport showing date of birth
• Educational certificates with birth date
• Aadhaar Card displaying age
Non-Resident Indians require comprehensive documentation to establish their overseas status and comply with foreign exchange regulations:
Core Documentation:
• Valid passport with current visa
• Work permit or residence permit
• PAN Card (mandatory)
• Recent photographs
Status Verification:
• Proof of overseas employment
• Foreign address verification (utility bills, bank statements)
• Salary certificates from an overseas employer
• Tax residency certificate from the country of residence
Account-Specific Forms:
• NRE (Non-Resident External) account forms
• NRO (Non-Resident Ordinary) account forms
• Foreign exchange compliance declarations
Opening fixed deposits for minors requires documentation from both the minor and their legal guardian:
Minor's Documentation:
• Birth certificate (primary age proof)
• Recent passport-sized photographs
• School identity card (if available)
• Aadhaar Card (if issued)
Guardian's Documentation:
• Complete KYC documents as required for individual applicants
• Proof of guardianship or relationship
• Identity and address verification documents
• Recent photographs of the guardian
Additional Requirements:
• Joint photographs of the minor and the guardian
• Guardian's signature specimens
• Declaration forms regarding a minor's account operation
Joint fixed deposit accounts require documentation from all account holders to establish their individual identities and shared ownership:
Individual Requirements:
• Complete KYC documents from each applicant
• Identity proofs for all joint holders
• Address verification for each account holder
• PAN Cards for all applicants
Joint Account Specifics:
• Relationship proof between joint holders (if applicable)
• Operation mode selection ("either or survivor", "former or survivor", or "jointly")
• Signature cards for all account holders
• Nomination forms with witness details
Corporate fixed deposits involve extensive documentation to verify business legitimacy and authorisation:
Business Registration:
• Certificate of Incorporation
• Memorandum and Articles of Association
• Partnership deed (for partnerships)
• GST registration certificate
• Trade licence or business registration
Financial Documentation:
• Latest audited financial statements
• Income tax returns for previous years
• Bank statements of business accounts
• Turnover certificates
Authorisation Documents:
• Board resolution for FD investment
• Power of attorney for authorised signatories
• Specimen signatures of authorised personnel
• PAN Card of the business entity
Trusts and societies require specialised documentation reflecting their unique legal structure and operational framework:
Registration Documents:
• Trust deed or society registration certificate
• Registration with the appropriate authorities
• Tax exemption certificates (if applicable)
• Latest annual reports
Governance Documentation:
• List of trustees or managing committee members
• Resolution authorising FD investment
• Specimen signatures of authorised signatories
• Power of attorney documents
Compliance Certificates:
• PAN Card of the trust or society
• Latest income tax returns
• Audit reports and financial statements
• Regulatory compliance certificates
Renewing your fixed deposit is typically a straightforward process that requires minimal documentation. The documents required for FD renewal are generally less extensive than opening a new deposit, particularly when you're continuing with the same financial institution.
The primary document you'll need is your original fixed deposit certificate or receipt, which serves as proof of your existing investment. Most banks also require you to complete a renewal form, which can usually be downloaded from their website or collected from the branch.
Opening an Airtel Finance fixed deposit is a completely digital process designed for convenience and speed. You can start your FD journey through the Airtel Thanks app, which connects you with trusted partner banks offering competitive interest rates.
The application process requires basic documents for fixed deposit opening:
|
Document Type |
Accepted Documents |
|
Identity Proof |
Aadhaar Card, PAN Card, Passport |
|
Address Proof |
Aadhaar Card, Utility Bills, Bank Statement |
|
Income Proof |
Bank statements, Salary slips |
