Eligibility

Yes, a minor can make a recurring deposit in their name, provided the parent or guardian represents the minor. The application form for the recurring deposit should be signed by the parent/guardian on behalf of the child.

a) Registration certificate

b) Partnership deed

c) Permanent Account Number of the partnership firm.

d) Proof of identity and address (as per KYC documents mentioned for individuals) of the authorised signatories.

a) HUF PAN card

b) HUF Declaration

c) Proof of ldentity and Address (As per KYC documents mentioned for Individual) of the Karta.

a) Registration certificate

b) Trust deed

c) Permanent Account Number.

d) Proof of identity and address (as per KYC mentioned for individuals) of the authorised signatory of the trust/institution signing the application.

Recurring Deposit may be made in Joint Names of two/ three people under "First or Survivor/s" or "Anyone or Survivor". All Communications will be addressed to the first depositor. All the interest payments and repayment of deposits will be made in the name of the first depositor.

• Permanent Account Number or Form No. 60 as defined in Income-tax Rules, 1962 (Please refer point 9(b)).
• Photograph needs to be submitted at the time of placing of fresh deposit/renewal, if not submitted earlier.
• Copy of any OVD (Officially Valid Document) containing details of his identity and address

• List of OVD documents:

  a) Passport

  b) Driving License

  c) Voter ID

  d) Job card issued by NREGA duly signed by an officer of the State Government

  e) Aadhaar Card.

  f) Letter issued by the National Population Register containing details of name and address.

Where the OVD mentioned above does not have updated address, the following additional documents can be submitted for the limited purpose of proof of address (The Depositor shall submit OVD with current address within a period of :

1. Pension payment orders

2. Property or Municipal Tax receipt

3. Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or regulatory bodies.

4. Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India.

5. Latest Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water bill).