INTRODUCTION

A fixed deposit is a term deposit which has a fixed time period and fixed interest rate. One of the SAFEST WAY OF INVESTMENT. LOW RISK AND MODERATE RETURNS. 2 TYPES OF FD:BANK FD CORPORATE FD`

WHO ARE ELIGIBLE?

Individuals Companies (As Inter-Corporate Deposit) Minors through guardian

Trusts

DOCUMENTS REQUIRED

Individuals PAN Card Senior citizens PAN Card, Age Proof (Passport, Govt. I.D.) Minors Relationship proof PAN Card of parent or guardian

Company Memorandum of Association PAN Card of Company List of authorized signatories Board of Resolution Document required in case of all Address proof

TAXATION CLAUSE

TAX TO BE DEDUCTED AT SOURCE ON THE INTEREST AMOUNT :AMOUNT(in Rs.) BANK FD More than 10000 Less than 10000 TDS ( in %)

CORPORAT IF PAN given IF PAN not given* E FD More than 5000 Less than 5000 10 NA 20 NA

* PAN REQUIREMENT VARIES FROM BANKS AND CORPORATES

TDS WAIVER CLAUSE

FORM TO BE SUBMITED FOR THE WAIVER
FORM NUMBER 15G* 15H* WHO CAN AVAIL INDIVIDUALS & HUF SENIOR CITIZENS ( AGE 60 YEARS AND ABOVE)

Form to be submitted before first payment of interest.

Estimated tax of last year should be NIL

PREMATURE WITHDRAWL
Permitted only if the Company allows. ROI applicable as follows:
Time period Before 3 months After 3 months but before 6 months After 6 months but before maturity ROI NOT ALLOWED NO INTEREST 2% lower than min rate

SOME OTHER USEFUL INFORMATION

For RENEWAL OR REDEMPTION- FD Receipt should be sent to the companys registered office before 21 days. If the Interest Cheque is lost- INDEMNITY BOND to be send to the companys registered office. If the Interest Cheque is not deposited within time frame(3 months from the cheque date)- OLD CHEQUE along with an APPLICATION to be sent.

Joint Name Account can be made- All communication will be done to first depositor.

Nomination facility can be availed by individual depositor(s), singly/jointly.

ANY QUESTIONS????