What are the documents needed to open a Senior Citizen FD account?

To open a Senior Citizen Fixed Deposit (FD) account with monthly interest payouts, you’ll need to submit documents that verify your age, identity, address, and bank account for receiving interest. A proof of repayment account such as a cancelled cheque or bank statement is essential to ensure smooth monthly credit of your FD earnings.

The typical documents required to open a Senior Citizen Fixed Deposit (FD) account in India are:

1. Duly filled senior citizen FD account opening application form
2. Identity Proof (PAN Card/Aadhaar Card/Driving Licence/Passport) showing age 60 years or above
3. Address Proof (Aadhaar Card/Passport/Utility bill/Ration card)
4. Photographs (2-3 latest passport sized photographs)
5. Initial deposit amount cheque or payment instrument
6. Other additional documents as may be requested by the financial institution

The identity and address proof documents are essential to verify the age eligibility and personal details of the senior citizen looking to open this special FD account. Along with the application form, photograph and minimum investment amount or cheque, these documents complete the account opening process. PAN Card and Aadhaar Card are the most convenient identity proofs that also reflect the date of birth and age.