Bank of India Fixed Deposit in Mumbai

Last Updated : April 14, 2017, 10:09 a.m.

About Bank of India Fixed Deposit Mumbai

Mumbai is the city that disseminates a wave of vibrancy the moment you experience the buzz down there. The capital city of Maharashtra only adds to its ever growing feather by taking the business volume and India’s economy to new highs. But keeping in mind the unwarranted financial jitters, it is necessary you make saving your friend by opening a fixed deposit account and allow the money to turn big. As far as the selection of a bank for fixed deposit is concerned, Bank of India (BOI) is one option you can look to avail.

Bank of India Fixed Deposit Mumbai at a Glance

Eligibility Criteria

Not having an idea of who can walk inside the door of Bank of India to apply for a fixed deposit in Mumbai? Get an idea with a mere glance at the pointers below.

• 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 Required to Apply for a Fixed Deposit in Mumbai

A list of documents is sought by Bank of India with regards to fixed deposit across different categories of customers in Mumbai.

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 more information, visit Fixed Deposit Mumbai

Bank of India Fixed Deposit Mumbai Branches