How to Open Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd?
Jharkhand State Co Operative Bank Ltd offers Fixed Deposit (FD) products of multiple tenures at competitive interest rates and with many other benefits like loan or overdraft facility against Fixed Deposit. It is very easy to open a Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd
Eligibility Criteria for opening Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd
Any individual, Minor, HUF, proprietary/ partnership firm, LLP, company, AOP, body of individuals (BOI), local authority, trust, NRI and registered society can invest in fixed deposits (FD).
Documents required for opening Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd
Following Documents are required for opening a Fixed Deposit Account
| Category | Documents Required |
|---|---|
| Individual, HUF, Proprietor |
|
| Partnership Firm |
|
| Trust |
|
| Associations, Clubs |
|
| Company |
|
How to Open Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd?
In order to open a Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd, you need to follow below mentioned steps:
(1) Personally Visit the Jharkhand State Co Operative Bank Ltd BranchYou need to visit the Jharkhand State Co Operative Bank Ltd branch in which you want to open your FD account. People generally prefer to open FD account in a nearby branch.
(2) Fill up Fixed Deposit Account Opening Form (FD-AOF)Obtain the Fixed Deposit Account Opening Form and fill up all the necessary details of the customer's information and other details in the different sections given in the prescribed form like name, address, contact number, email id, PAN, type of account to be opened, nominee's name, etc.
(3) Fill up Fixed Deposit TenureBanks usually offer various FD tenures from 7 days to 10 years. You can select any tenure based on your financial goals which you want to be fulfilled with the help of said FD. You need to mention FD tenure/ period/ or Term in the account opening form which ranges from 7 days to 10 years.
(4) Attach Cheque for Fixed DepositYou need to attach a cheque worth of that amount you wish to deposit for FD. Alternatively, you can also transfer that amount through net banking from another account.
(5) Attach Required (Mandatory) Documents with the Account Opening Form (AOF)After completing filling up the account opening form, you need to attach KYC documents like PAN, Proof of Address & Proof of Identity.
Some banks make it mandatory to provide Permanent address and telephone number.
(6) Verification of Account Opening Form (AOF) & Other Documents by the BankerBanker will verify Account Opening Form (AOF) and other attached documents. If he is satisfied with these requirements, he will proceed further.
(7) Obtain acknowledgement slip of FD Account Opening Form from Jharkhand State Co Operative Bank LtdOnce your documents are successfully verified, the banker will give you acknowledgement slip of FD Account Opening Form.
Important Points regarding Opening Fixed Deposit Account in Jharkhand State Co Operative Bank Ltd
- Research and select the bank paying maximum rate of interest on Fixed Deposit for the FD tenure you require.
- Once opened, you can not deposit any further amount in your FD account.
- Different Banks offer different rate of interest under Fixed Deposit Account.
- Select a nearby bank branch.
- Fill the account opening form in CAPITAL LETTERS using black ink.
- Countersign in case of any overwriting while filling up the account opening form.
- You must avail the nomination facility.
- Don't forget to take the original KYC documents with you for verification purpose.
- If your mailing address and permanent address are different, provide address proof documents for both.
- You must mention your mobile number and email id in your FD account opening form in order to receive any communication by the bank.