What are the documents I need to submit to earn monthly interest on an FD of ₹25 Lakhs?

To earn monthly interest on a ₹25 lakh fixed deposit, you must submit documents that verify your identity, address, and bank account for interest credit. Proof of repayment bank account is essential to ensure monthly payouts are transferred correctly.

The following are the key documents generally required to open a fixed deposit (FD) of ₹25 lakhs and receive monthly interest payments:

1. Completed FD application form with bank account details for interest credit

2. KYC Documents:

• Identity proof (Aadhaar card, driving licence, etc.)
• Address proof
• Recent passport-sized photographs

3. PAN Card copy

4. Cheque for ₹25 lakhs made payable to "Financial Institution" to open the FD account

5. Mandate form to receive monthly interest directly into a savings/current account

Additional Documents for specific cases:

• For minors: Birth certificate, guardian's KYC and authorisation
• For companies: Certificate of incorporation, board resolution authorising FD investment
• For partnership firms: Partnership deed, current bank account and KYC of all partners

An active account with the financial institution is also required to transfer the monthly interest.