InvestorQ : What documents are required for opening fixed deposits?
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What documents are required for opening fixed deposits?

Answer
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3 years ago
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Based on how you are applying for a fixed deposit (FD), your documentation will vary.
If you are opening an FD as an individual you’ll require few documents, but if you are opening an FD as a partnership firm, you’ll require certain other documents.
If you are opening an FD with a bank where you already have an account, you’ll need the following documents:
- Latest photograph
- Certified KYC documents
If you are a public or private limited company, you’ll need to submit:
- PAN
- KYC documents
- Company’s certificate of incorporation
- Memorandum and Articles of Association
- Partnership deed
- Board resolution for opening the FD account
- ID proofs of authorised signatories
If you are a partnership firm, then you’ll have to submit the following documents for opening an FD:
- PAN
- KYC documents of the firm
- Certificate of registration
- Partnership deed
- List of authorized signatories with specimen signatures
- ID proofs of authorised signatories
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