Bank of India Fixed Deposit in Chennai

Last Updated : April 13, 2017, 5:32 p.m.

About Bank of India Fixed Deposit Chennai

Sitting on the stones along the seashore of Chennai, you could be wondering about how your future will pan out amid the growing uncertainties that are parts and parcel of life. One thing that you should do first is to begin your fixed deposit journey. And which bank should you look for your fixed deposit? Without a doubt, Bank of India ( BOI) that runs a lot of branches in Chennai, the capital of Tamil Nadu.

Bank of India Fixed Deposit Chennai at a Glance

Eligibility Criteria

Bank of India has not set any eligibility criteria regarding the opening of a fixed deposit account in Chennai. But you can look below to find the list of eligible people.

• A Resident of India
• Non-resident Indian (NRI)
• Sole Proprietorship Firms
• Private Limited Companies
• Partnership Firm
• Trusts
• Associations
• Clubs
• Charitable Institutions
• Municipalities
• Hindu Undivided Families (HUFs)

Documents Checklist to Open a Fixed Deposit at Bank of India in Chennai

Above you saw the people and the organisations eligible to open a fixed deposit. Now check out what are the documents that they need to serve the purpose.

Documents for Individuals, HUFs and Sole Proprietorship Firms

• A Colour Photograph
• Driving License
• Last 6-month Bank Statement

Documents for 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)

Documents for Partnership Firms

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

Documents for Trusts

• Photographs of the member operating the account.
• Copy of the Trust Deed.
• Copy of Registration Certificate.
• Copy of the resolution of trustee authorizing the member to operate and open the accounts.

Documents for Clubs/Associations

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

For additional information, visit Fixed Deposit Chennai

Bank of India Fixed Deposit Chennai Branches