Documents Required to Open Fixed Deposit

Fixed returns over a fixed tenure have made Fixed Deposits a traditionally popular investment in India. Moreover, with AU Small Finance Bank offering highly competitive interest rates and tenures ranging from 7 days to 10 years, opening an FD Account in the bank can be an excellent risk-free investment.

But just like other bank accounts, such as Savings Accounts and Current Accounts, some documents are required for opening a Fixed Deposit Account. Let's take a detailed look at the documents you'll need-

1. AU Small Finance Bank Existing Customers

If you already have an account with AU Small Finance Bank, you don't need to go through any documentation as the bank already has the details and documents for opening a Fixed Deposit Account. Existing customers of the bank can easily apply anytime via our AU 0101 App/NetBanking.

2. Non-AU Small Finance Customers/New Customers

If you're a new customer, you'll have to submit-

• KYC verification documents like Aadhar, PAN Card, Voter ID, Driving License, and Passport

• Latest passport-size photographs

3. Public/Private Limited Companies

As public/private limited companies are commercial entities, they have slightly stringent documentation requirements. They'll have to submit-

• Incorporation or Registration Certificate
• Company PAN
• Board resolution to open FD Account
• Bank Statements/Latest Utility Bills
• KYC verification for authorized signatories
• Latest passport-size photographs

4. HUFs

If you're a Hindu Undivided Family (HUF), the documents required for Fixed Deposit are-

• HUF Deed

• KYC Documents
• PAN
• Latest passport-size photographs

5. Partnership Firms

If a partnership firm wants to book an FD, they have to submit documents like-

• KYC verification for authorized signatories
• PAN
• Partnership Deed
• Registration Certificate
• Latest passport-size photographs

6. Organizations and Trusts

The documentation requirements for Fixed Deposit Accounts for organizations and trusts include-

• PAN
• KYC documents
• Registration Certificate
• Board resolution to open FD Account
• Latest passport-size photographs 

Once you have all the required documents, you can conveniently open an FD Account online/offline with AU Small Finance Bank by investing as little as INR 1,000 and earn high interest rates on FD.

1. Offline FD Account Opening

If you'd like to open the FD Account offline, visit the nearest bank branch to fill up the account opening form and submit the required documents.

2. Online FD Account Opening

Via AU 0101 NetBanking (Existing Customers)

• Visit AU 0101 NetBanking portal and log in to your account
• Select 'Open New FD/RD'
• If you want to open an FD Account, click on 'I have sum of money to invest'
• Select your bank account to deposit funds into the new FD Account
• Enter tenure, investment amount, and maturity instruction
• Submit your request

Via AU 0101 App (New & Existing Customers)

Even if you don't have an account with AU Small Finance Bank, you can still open an FD Account with the bank through AU 0101 App by following these steps-

• Open AU 0101 App and select 'FD'
• Enter Aadhaar and PAN details for e-KYC
• Submit FATCA declaration and provide personal and income details
•  Select FD type, amount, tenure, and bank account details
• Transfer funds from your existing bank account to the new FD Account
• Complete Video KYC to submit your request

Via AU Video Banking (New & Existing Customers)

AU Small Finance Bank also offers the flexibility to book a Fixed Deposit Account through Video KYC. Follow these steps-

• Visit AU Video Banking and click on 'Connect with Us'
• You can initiate a video call instantly or schedule it at your convenience
• During the video call with our AU Video Banking Relationship Manager, you need to provide basic details like name, age, address, etc.
• Show your PAN Card to the Relationship Manager
• Sign on a blank piece of paper and display it on the camera

Read More: Things You Should Know Before Investing in Fixed Deposit

With minimal documents required for FD and a straightforward account opening process through offline and online channels, AU Small Finance Bank continues to add more convenience to the lives of its customers.

Learn more about the features of our Fixed Deposits and apply today to take maximum advantage of this non-market-linked investment product.

Sources:

https://www.bajajfinserv.in/investments/fixed-deposit-eligibility-and-documents

https://paytm.com/blog/fixed-deposit/list-of-documents-required-for-fixed-deposits/