Oriental Bank of Commerce Fixed Deposit in Chennai

Last Updated : April 27, 2017, 5:57 p.m.

About Oriental Bank of Commerce Fixed Deposit in Chennai

Chennai, a famous place down the south coast of India, is a spectacular place surrounded by sea and temples that ring all day along. Being the capital of Tamil Nadu, the city attracts a fair amount of investment in technology, manufacturing and other sectors. The people who are employed in these sectors and elsewhere in the city do want to secure their future. And what better than opening a fixed deposit account with Oriental Bank of Commerce (OBC), which since the time of its inception in 1943, has been in the forefront of Indian banking. The fixed deposits can be opened at any of the bank branches in Chennai. All those who want to secure a future should read about Oriental Bank of Commerce Fixed Deposit Chennai.

Oriental Bank of Commerce Fixed Deposit Chennai at a Glance

Oriental Bank of Commerce Fixed Deposit Eligibility Criteria in Chennai

OBC allows a list of individuals and organizations to open a fixed deposit in Chennai. Find them out in the pointers below.

• Individuals
• Companies
• Partnership Firms
• Trusts
• Proprietary Concerns
• Unincorporated Association or a Body of Individuals

Documents Needed to Open Oriental Bank of Commerce Fixed Deposit in Chennai

Keen to know the documents asked by OBC to open a fixed deposit in Chennai? Below are the pointers that will act as a guide.

Documents for Individuals

• Identity Proof- Passport/PAN Card/Voter ID/Driving License/Aadhaar Card/Job Card Issued by NREGA Duly Signed by the Competent State Govt Official/Letter Issued by a Gazetted Officer with a Duly Attested Photograph
• Address Proof- Receipt of Property or Municipal Tax/Letter of Allotment of Accommodation from Employer Issued by Central or State Government Departments, Public Sector Undertakings, Scheduled Commercial Banks, Listed companies/Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India

Documents for Companies

• Certificate of incorporation
• Memorandum and Articles of Association
• Board of Director Resolution giving power of attorney to managers, employees or officers to transact on behalf of the company.
• A valid official document required for managers, officers or employees who have been given the power of attorney for transaction

Documents for Partnership Firms

• Registration certificate
• Partnership deed
• A valid official document required for the individual having given the power of attorney with respect to transaction

Documents for Trusts

• Registration certificate
• Trust deed
• A valid official document required for the individual having given the power of attorney with respect to transaction

Documents for Unincorporated Association or a Body of Individuals

• Resolution of Managing Body of association or body of individuals
• Power of attorney granted to an individual to transact on behalf of the association or body of individuals
• A valid official document required for the individual having given the power of attorney with respect to transaction

Documents for Proprietorship Firms

• Registration Certificate (If it is registered)
• License or certificate issued by the municipal corporation under Shop & Establishment Act
• Income Tax Return
• VAT/CST Certificate
• Certificate/Registration document issued by service tax/professional tax/sales tax authorities
• Licensing or Registration Document Issued in the name of proprietorship firm by an authority or department from either state or central government.
• Importer Exporter Code (IEC) issued by DGFT to the proprietary concern
• Latest utility bills in the name of proprietorship firm

Check for More Information in Fixed Deposit Chennai

Oriental Bank of Commerce Fixed Deposit Chennai Branches