An application duly signed by joint applicant(s) /nominee, Fdr in original along with certified copy of death certificate , must be sent to our operating office. On receipt of above mentioned documents new F.D receipt duly endorsed in the name of first joint applicant /nominee will be returned to the new F.D holder. The second joint holder of original FDR will automatically became first joint applicant of the Fixed Deposit. No other person other than first joint applicant/nominee will be recognized by the company for transmission of Fixed Deposit, unless directed by the court.
The holder of Fixed Deposit can change his / her nominee at any point of time, before the maturity of Fixed Deposit. For this a fresh nomination form, in duplicate, duly signed by the first holder is to be filed with the Company. The format of the nomination form is provided in the link below.
A minor can be appointed as a nominee, under the legal or natural guardianship of a major person i.e a person over the age of 18 years.
Kindly submit the Fixed Deposit Receipt, in original, to the Company along-with nomination form, in duplicate, duly signed by the first / sole holder. The format of the nomination form is provided in the link below.
Nomination is valid only if Fixed Deposit has originally been made in single name. No request for nomination will be entertained in case first applicant is a Company, Body Corporate or a Trust. A Power of Attorney Holder is also not allowed to nominate, on behalf of the original Fixed Deposit holder.
No, Company cannot grant loan against the Fixed deposit.
Yes, deposit can be repaid after six months, from the date of deposit. Interest shall be paid @1% less than the rate the company would have paid, had the deposit been accepted for the period for which the deposit has run. Covering letter for request of pre-mature payment, duly discharged FDR as explained under sl. No.1) & unencashed interest warrants (if any), must be sent to the company for the purpose.
Repayment of principal amount will be made by means of a/c payee warrant or demand draft (If fd amount exceeds Rs. 50,000) drawn on the Company’s bankers & payable at par at selected branches in India.
You can send Fdr one month in advance from the date of maturity.
Kindly, affix one rupee revenue stamp on the space provided for the purpose on the reverse of FDR. First applicant must sign across the same, in case of individual F.D holders and by authorized signatories in case of Company, trust, body corporate or power of attorney holder as per specimen signatures recorded with the company. In case of change in the authorized signatories, request letter must be duly supported by board resolution/ trust deed. Fdr should be sent to our operating office at least 15 days in advance to us from the date of maturity, to ensure repayment of Fdr on time.
Since, each warrant is payable at par at various branches of the bank across India, it is practically not possible for banks to issue stop payment instructions to all the branches. It is therefore necessary for us to wait till the expiry of the validity of the original warrant to issue duplicate cheque.