Andhra Bank Fixed Deposit in Chennai

Last Updated : March 27, 2017, 4:24 p.m.

About Andhra Bank Fixed Deposit Chennai

In Chennai, Andhra Bank is one of the leading banks when it comes to giving higher returns on FD. The combination of minimal deposit amount and higher return make the Fixed Deposit facility offered by Andhra Bank a great saving option for the people of India. So, read this article to know more about the Chennai branch and other related information.

Andhra Bank Fixed Deposit in Chennai at a Glance

Eligibility Criteria

At Andhra Bank, the fixed deposit account can be opened by the following:

• Individuals
• Hindu Undivided Families (HUFs)
• Minor represented by parents/guardian
• Guardian on behalf of societies, clubs, trusts and associations
• Associations
• Clubs
• Trusts
• Sole proprietorship firms
• Partnership firms
• Limited Companies

Documents Required

The list of documents required at the time of FD account opening is subject to change from the profession and category. So, have a look at the documents and see under which category do you come.

An Individual, Hindu Undivided Family, Sole Proprietorship Concern:

• ID Proof-Passport/PAN Card/Driving Licence/Voter ID/Government ID Card/Senior Citizen ID Card
• Address Proof-Passport/Telephone Bill/Electricity Bill/ID Card Issued by Post Office/Bank Statement with Cheque/Any other ID proof or address proof document can be submitted subject to bank’s satisfaction
• A photograph

Trusts:

• Copy of the Trust Deed
• Copy of the registration certificate
• Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
• Photographs of the members operating the account

Associations/Clubs:

• By-laws of the Association
• Copy of the Resolution by the board authorizing the members concerned to open and operate the account
• Photographs of the members operating the account

Partnership Firm:

• Partnership Deed
• Letter from partners approving the persons concerned to open and operate the account
• Photographs of the persons operating the account

Public or Private Limited Companies:

• Board Resolution / Authority Letter
• Memorandum & Articles of Association
• Certificate of Incorporation
• Certificate of Commencement of Business (Public Limited Company)
• Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
• Governing Act / Rules and Regulations(PSUs) (certified true copy)

For more information on fixed deposits, read Fixed Deposit Chennai

Andhra Bank Chennai Branches