What documents are required to open an FD account with a deposit of ₹3 Crores?

The key documents generally required while opening a fixed deposit (FD) account with a deposit of ₹3 crores include:

1. Duly completed and signed FD account opening form

2. Know Your Customer (KYC) documents:

• Identity proof (Aadhaar card, PAN card, Voter ID, Passport)
• Address proof
• Passport-sized photographs

3. Other documents:

• PAN Card (Mandatory)
• Cheque for the FD investment amount (₹3 crores)

4. Repayment Account Proof: Document showing the bank account where FD maturity proceeds will be credited (e.g., cancelled cheque, recent bank statement, or passbook copy)

Additional Documents for Corporate or Non-Individual FDs

• Certificate of Incorporation and Memorandum and Articles of Association of the company.
• Board Resolution: Authorising the investment and opening of the FD.
• List of Authorised Signatories with their KYC documents.
• PAN and TAN details of the company.
• Other documents: Such as partnership deed for partnership firms, HUF declaration for Hindu Undivided Families, trust deed for trusts, etc.

These are the basic documents generally required for opening high-value FDs. However, the documentation requirements may vary from one financial institution to another.

Financial institutions may request extra documentation or verification steps for high-value deposits like ₹3 crores, especially for compliance with anti-money laundering (AML) and tax regulations.