Fixed deposit eligibility criteria in any bank / nbfc in India?
For fixed deposit in India, a below mentioned eligibility criteria will be mandatory to follow up in India.
Individual
Resident Indians, persons of Indian origin, non-resident Indians and overseas citizens of India are eligible to book an FD.
Non-individuals
Sole proprietorships, partnership firms, companies, Hindu Undivided Families (HUFs), clubs, associations, societies, family trusts are also eligible to book an FD.
To invest in Any Bank / NBFC online FD, all resident individuals need to be above 18 years of age. With a quick paperless process, you can book your deposit online and get started with an investment amount of just Rs. 15,000, Invest in a Any Bank / NBFC online FD to save time and book your deposit in less than 10 minutes.
check – SBI Fixed deposit Rates
Senior citizens get additional rate benefits up to 0.25% to .50% pa on their deposit, regardless of the investment mode they choose.
Existing FD customers of Any Bank / NBFC need not resubmit any documents on renewal, as this is a one-time process. Here are the documents required to open a fixed deposit account with Any Bank / NBFC for new customers.
- Latest photograph
- KYC of all applicants
- PAN card
- Aadhaar card, passport, driving license, voter ID (any one)
