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FAQs

GENERAL

Opening an account with RupeeVest is simple and free. KYC Compliant Individuals, Minors and NRI Investors can simply register online and confirm the "IIN confirmation" and "FATCA activation" links in the email sent by NSE NMFII. Account is usually activated within 1 working day.

NOTE: If any individual account is not activated within 1 working day, then please upload a copy of PAN Card and Cancelled Cheque of the bank from your dashboard as there may be a Name Mismatch with the bank or PAN details.

Non-individuals can simply register online and upload the required documents through their dashboard. Account usually becomes active for investing in 1-2 working days.

For non-KYC compliant investors, please complete your online eKYC here, as your account will become active for investments only when you are KYC compliant. Once your KYC is completed online, then you can proceed for account opening.

The documents required for various categories are mentioned below.

Resident Individuals / NRI

The documents required for Resident Individuals are:

If KYC Compliant If Non-KYC Compliant
No Documents required. However, if account not activated within 1 working day, then please upload a copy of PAN Card and Cancelled Cheque from your dashboard. You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. PAN Card
  2. Aadhaar Card with registered mobile number
  3. Applicant signature on a plain white paper

The documents required for PIO are:

If KYC Compliant If Non-KYC Compliant
No Documents required. However, if account not activated within 1 working day, then please upload a copy of PAN Card and Cancelled Cheque from your dashboard. You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. PAN Card
  2. Aadhaar Card with registered mobile number
  3. Self-attested copy of Passport
  4. Self-attested copy of address proof of overseas address
  5. Applicant signature on a plain white paper

The documents required for Minor are:

  1. Cancelled Cheque (If the name is not printed on the cheque, it must be duly signed by the guardian)
  2. Proof of Date of Birth
  3. Guardian must be KYC compliant

The documents required for HUF are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled Cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. FATCA
  5. UBO
 You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. PAN of HUF
  5. Deed of declaration of HUF/List of coparceners
  6. Bank pass-book/bank statement in the name of HUF
  7. Photograph, POI, POA, PAN of Karta

The documents required for Partnership Firm are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. FATCA
  5. UBO
  6. Partnership Deed
  7. Authorised Signatory List
 You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
  5. Certificate of registration (for registered partnership firms only)
  6. Copy of partnership deed
  7. Authorised signatories list with specimen signatures
  8. Photograph, POI, POA, PAN of Partners

The documents required for FII & LLP are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. FATCA
  5. UBO
  6. Overseas Auditors Certificate
  7. Authorised Signatory List
  8. Board Resolution
  9. Authorization to Invest
 You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of SEBI registration certificate
  5. Authorised signatories list with specimen signatures

The documents required for Company are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. FATCA
  5. UBO
  6. Board Resolution
  7. Authorised Signatory List
 You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
  5. Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary / Whole time director / MD (to be submitted every year)
  6. Photograph, POI, POA, PAN and DIN numbers of whole time directors / two directors in charge of day to day operations
  7. Photograph, POI, POA, PAN of individual promoters holding control – either directly or indirectly
  8. Copies of the Memorandum and Articles of Association and Certificate of Incorporation
  9. Copy of the Board Resolution for investment in securities market
  10. Authorised signatories list with specimen signatures

The documents required for Trust are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. FATCA
  5. UBO
  6. Trust Deed
  7. Authorised Signatory List
 You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
  5. Certificate of registration (for registered trust only)
  6. Copy of Trust Deed
  7. List of trustees certified by managing trustees / CA
  8. Photograph, POI, POA, PAN of Trustees

Documents acceptable as POI (Proof of Identity):

  1. PAN Card with photograph. This is a mandatory requirement for all applicants except those who are specifically exempt from obtaining PAN.
  2. Unique Identification Number (UID) (Aadhaar) / Passport / Voter ID Card / Driving license.
  3. Identity Card / document with applicant’s Photo, issued by any of the following: Central / State Government and its Departments, Statutory / Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.

Documents acceptable as POA (Proof of Address):

  1. Passport / Unique Identification Number (UID) (Aadhaar) / Voters Identity Card / Ration Card / Registered Lease or Sale Agreement of Residence / Driving License.
  2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill - Not more than 3 months old.
  3. Bank Account Statement / Passbook - Not more than 3 months old.
  4. Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.
  5. Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks / Scheduled Co-Operative Bank / Multinational Foreign Banks / Gazetted Officer / Notary public / Elected representatives to the Legislative Assembly / Parliament / Documents issued by any Govt. or Statutory Authority.
  6. Identity Card / document with address, issued by any of the following: Central / State Government and its Departments, Statutory / Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.
  7. For FII / sub account, Power of Attorney given by FII/sub-account to the Custodians (which are duly notarized and/or apostiled or consularised) that gives the registered address should be taken.

PAN or PERMANENT ACCOUNT NUMBER is mandatory for financial transactions in India.
If you do not have a PAN, kindly follow the link below to get registered.
https://incometaxindia.gov.in/Pages/tax-services/apply-for-pan.aspx

No, you do not need to be KYC compliant to open an account with RupeeVest. However, you need to be KYC compliant to start investing. If you are not KYC compliant, please complete your online eKYC here.

You can check whether or not you are KYC compliant on our sign up page or by citing your PAN No. on CVL KRA website.

Yes, NRIs can invest in all Mutual Funds open for investments through RupeeVest. To know more about NRI services offered by RupeeVest, click here.

Yes, you can open a joint account with us and there can be upto 3 members in this account. All 3 members need to be KYC compliant and registered with us.

MUTUAL FUNDS

  • Net Banking: Investor can make the payment through our website or choose to pay later through the payment link which will be sent to the registered email.
  • RTGS / NEFT: Investor needs to register the NSCCL account in his beneficiary list to make the payment.
    RTGS / NEFT beneficiary details:
    • Beneficiary Name: NSE Clearing - New Mutual Fund Platform
    • Beneficiary Bank Name: HDFC Bank Ltd
    • Beneficiary Branch Name : Fort, Mumbai
    • Virtual Account No: NSEMF2110558 + IIN (10 digits)
      For e.g. If IIN is 1234567890; then Virtual Account Number becomes NSEMF21105581234567890
    • IFSC Code: HDFC0000060
    • Account Type: Current Account
  • One Time Mandate (OTM) / E-Mandate: Investor can confirm the payment by clicking on the link received on his registered mobile number / email or sending the 4-digit OTP to 561614.
  • Cheque / DD: Investor can deposit the cheque at any branch of HDFC Bank along with the Pay-in-slip sent to the investor through email.
    Cheque payment details:
    • Beneficiary Name: NSE Clearing - New Mutual Fund Platform
    • Beneficiary Bank Name: HDFC Bank Ltd
    • Beneficiary Bank Branch Location: Mumbai
    • Account No: 50200009635552
  • UPI

Note: The online payment link and OTP is valid for 48 hours and on expiry of the same, a fresh transaction needs to be initiated.

You can start your SIP with a few simple clicks:

  • Select a fund to invest and choose SIP as your transaction type
  • Select the amount, start date and frequency as per your preference

An OTM / E-Mandate is mandatory for SIP payments. The first instalment can be made through other payment modes if OTM / E-Mandate is inactive but the subsequent instalments will be paid through the mandate.

If you do not have a registered mandate or the mandate amount is less than the SIP amount, you simply need to select “New OTM” to proceed with the transaction.

Mandate is a permission you give to your bank to debit the investment amount from your account. Following are the key features:

  • Mandate is mandatory for SIP investments
  • Registered Mandate can be used for Lump sum investments as well
  • This is a one-time process and has lifetime validity unless cancelled
  • Enables smooth transaction experience without having to execute payments through cheque or payment gateway
  • Safe and secured, does not lead to any unauthorized transactions, requires investor consent by confirmation of OTP sent to registered mobile number or email
  • The Mandate amount is the maximum amount upto which a single transaction can be made

Investor can consider the following differences while choosing for either OTM or E-Mandate:

Features OTM (One Time Mandate) E-Mandate
Nature of Registration Submission of duly signed physical form No paperwork, digital registration with Netbanking / Debit card
Registration Time 15-30 working days 4-6 working days
Eligibility Eligible for all Individuals with single mode of holding
Maximum Amount limit No limit Rs. 5,00,000 – 10,00,000/-
Servicing Banks All Banks 36 Banks at present

OTM (One Time Mandate) can be registered by any of the following ways:

  • Register an OTM at the time of signing up with us
  • Register an OTM at the time of investing in an SIP
  • Register an OTM from Investor Profile after registration

E-Mandate can be registered by any of the following ways:

  • Register an E-mandate at the time of investing in an SIP
  • Register an E-mandate from Investor Profile after registration

List of banks facilitating E-Mandates:

Sl.No. Bank Name Sl.No. Bank Name Sl.No. Bank Name
1 Axis Bank Ltd 2 Bandhan Bank 3 Bank of Baroda - Retail Banking
4 Bank of Maharashtra 5 Canara Bank 6 Catholic Syrian Bank
7 Central Bank of India 8 City Union Bank 9 Cosmos Bank
10 DBS Bank 11 Deutsche Bank 12 Development Credit Bank
13 Dhanalaxmi Bank - Retail Net Banking 14 Equitas Small Finance Bank 15 Federal Bank
16 HDFC Bank Ltd 17 HSBC 18 ICICI Bank Ltd
19 ICICI Bank Ltd - Corporate 20 IDBI Bank 21 IDFC First Bank
22 INDIAN BANK 23 IndusInd Bank 24 Karnataka Bank Ltd
25 Karur Vysya Bank 26 Kotak Bank 27 Mahesh Sahakari Bank Limited
28 Punjab and Sind Bank 29 Punjab National Bank - Retail Banking 30 Ratnakar Bank
31 South Indian Bank 32 Standard Chartered Bank 33 State Bank of India
34 Tamilnad Mercantile Bank Ltd. 35 Union Bank of India 36 Yes Bank Ltd
Sl.No. Bank Name
1 Axis Bank Ltd
2 Bandhan Bank
3 Bank of Baroda - Retail Banking
4 Bank of Maharashtra
5 Canara Bank
6 Catholic Syrian Bank
7 Central Bank of India
8 City Union Bank
9 Cosmos Bank
10 DBS Bank
11 Deutsche Bank
12 Development Credit Bank
13 Dhanalaxmi Bank - Retail Net Banking
14 Equitas Small Finance Bank
15 Federal Bank
16 HDFC Bank Ltd
17 HSBC
18 ICICI Bank Ltd
19 ICICI Bank Ltd - Corporate
20 IDBI Bank
21 IDFC First Bank
22 INDIAN BANK
23 IndusInd Bank
24 Karnataka Bank Ltd
25 Karur Vysya Bank
26 Kotak Bank
27 Mahesh Sahakari Bank Limited
28 Punjab and Sind Bank
29 Punjab National Bank - Retail Banking
30 Ratnakar Bank
31 South Indian Bank
32 Standard Chartered Bank
33 State Bank of India
34 Tamilnad Mercantile Bank Ltd.
35 Union Bank of India
36 Yes Bank Ltd

Mandate can be used for both Lumpsum and SIP investments.

Lumpsum Investment – Once an Investor chooses mandate as the mode of payment he would receive a payment confirmation link on his registered mobile number / email. Upon confirmation of the same by the investor, the amount would be debited from the investor’s bank account. This payment link will be valid for this transaction only.

SIP Investment – Investors with active mandate have the option to choose this mode of payment which will be validated after confirming the payment link received in the investor's registered mobile number / email. Henceforth, the mandate will be operational for all the subsequent installments and the SIP amount would be debited from the investor's bank account as per the SIP dates.

In case the investor does not have an active mandate, he must make the first payment with other payment modes (Net Banking/NEFT/RTGS/Cheque/UPI). The new mandate (after registration) will be applicable for the subsequent installments.

Note: NRI Investors will receive the authorization link only in their registered email id.

FIXED DEPOSIT

Please visit the link below:

Click here

The documents required for various companies are as follows:

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘BAJAJ FINANCE LTD. A/C 00070350006738’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Self-attested Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Self-attested Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above.

HUF

  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in the name of HUF
  4. KYC documents of all the adult members of HUF

Partnership

  1. Self-attested PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs of authorised signatories

Proprietor

Pan card along with Any 2 of the following documents:-
  1. Registration Certificate
  2. GST or Income Tax Returns
  3. GST certificate
  4. Self-attested Utility bill not more than 2 months old
  5. Certificate of registration document issued by municipal authorities under shop and establishment act
  6. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected
  7. Utility bill
  8. License/certificate of practice issued of the proprietary concern by any professional body incorporated under a statue

Company

  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution for opening the FD account
  5. List, signature and ID as well as address proof of authorized signatories

Trust

  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card

NRI

They don’t offer fixed deposit under NRI category

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘HDFC Ltd’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Self-certified copy of Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Self-certified copy of Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above

HUF

  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in the name of HUF
  4. KYC documents of all the adult members of HUF

Partnership

  1. PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs of authorised signatories

Proprietor

  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected

Company

  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution
  5. List, signature and ID as well as address proof of authorized signatories

Trust

  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card

NRI

  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘ICICI Home Fin-FD A/C 000405070754’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card , Accommodation letter from employer ,Documents by foreign authorities ,property/municipal tax receipt , Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA

HUF

  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in the name of HUF
  4. KYC documents of all the adult members of HUF

Partnership

  1. Registration certificate, if registered
  2. Partnership deed
  3. Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
  4. Any officially valid document identifying the partners and the persons holding thePower of Attorney and their addresses
  5. Telephone bill in the name of firm/partners.

Proprietor

  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected

Company

  1. Certificate of incorporation
  2. Memorandum and Articles of Association
  3. A resolution from the Board of Directors and power of attorney granted to its Managers, Officers or employees to transact on its behalf
  4. PAN card copy of the company
  5. List, signature and Proof of identity and address (as per KYC documents mentioned for individuals) of the authorised signatory of the company signing the application

Trust

  1. PAN Card
  2. Certificate of Registration
  3. Trust Deed
  4. Resolution – Authorising Placement of Deposit
  5. List of Authorised Signatories

NRI

  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘LIC Housing Finance Limited-Collection-A/C ‘ and should be ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Self-certified copy of Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Self-certified copy of Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above

HUF

  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in their name of HUF
  4. KYC documents of all the adult members of HUF

Partnership

  1. PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs of authorised signatories

Proprietor

  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected

Company

  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution
  5. List, signature and ID as well as address proof of authorized signatories

Trust

  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card

NRI

  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘MMFSL- Fixed Deposit’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above

HUF

  1. HUF Pan card
  2. HUF/Kartha Address Proof & identity proof of Kartha
  3. Photograph of Kartha
  4. Cancelled cheque leaf for Bank account verification

Partnership

  1. PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs and address proof of authorised signatories
  6. Cancelled cheque leaf for bank account verification
  7. Address Proof (Bank statement, Telephone Bill)

Proprietor

  1. ID & Address proof of the proprietor
  2. PAN card of proprietor
  3. Address Proof
  4. Photograph
  5. If the sole proprietorship is in different name, the bank statement, OR registration certificate OR telephone bill
  6. Cancelled cheque leaf for Bank account verification

Company

  1. PAN Card
  2. Address Proof (Bank statement, Telephone Bill)
  3. Certificate of incorporation
  4. Memorandum of Article & association & Latest Board resolution with specimen signatures
  5. Authorized Signatory list
  6. Photograph of the signatories
  7. Cancelled cheque leaf for Bank account verification
  8. ID & Address Proof of Authorized signatories

Trust

  1. Names of trustees, settlers, beneficiaries and signatories
  2. Names and addresses of the founder, the managers/directors and the beneficiaries
  3. Telephone/fax numbers
* Please note that Mahindra Finance accepts deposits from registered trust only and our investment has not qualified under Sec 11(5) of IT. For Investment of Rs 1 crore and above, declaration about the source of income required
Charitable Trust/Family Trust
  • Copy of the Registration Certificate AND/OR 12(A) Certificate issued by Income Tax Dept
  • Acknowledgment of registration application if applied for.
  • Pan Card copy
  • Address proof
  • List of signatories
  • Board Resolution/Consent letter from Trustees
  • Individual KYC of all Trustees
  • Photographs .ID & Address proof of Signatories
  • Cancelled cheque leaf for Bank account verification
  • Trust Deed
Please note Mahindra & Mahindra Financial Services is not registered U/S 11(5) of income tax act, hence Charitable Trust may invest in Mahindra Finance FD at THEIR OWN RISK.
If the trust is not registered OR not willing to be registered in future, a letter duly signed by Authorized Signatories stating the Trust is not registered & not willing to be registered in future is required.
Clubs, Associations, Societies
  • Copy of the Registration Certificate ,if registered
  • Acknowledgment of registration application if applied for.
  • Pan Card copy
  • Address proof
  • List of signatories
  • MOA & Resolution
  • Individual KYC of all signatories
  • Photographs .ID & Address proof of Signatories
  • Cancelled cheque leaf for Bank account verification

NRI

  1. Passport with valid visa
  2. Overseas employment letter (optional for confirmation of residential status and overseas address)
  3. A PIO card to establish Indian Origin, if it is a foreign passport
  4. Pan card
  5. A local address proof if different from the passport address
    1. Bank account statement or passbook
    2. Local Property papers with registration deed
    3. EB Bill card
    4. Voter ID Card or Driving License
  6. Tax Residency Certificate from the Income Tax department of the country the investor is a resident
  7. Copy of the passport as of the beginning of the current financial year and end of financial year

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘PNB Housing finance limited’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card , Accommodation letter from employer ,Documents by foreign authorities ,property/municipal tax receipt , Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA

HUF

  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in their name of HUF
  4. KYC documents of all the adult members of HUF

Partnership

  1. PAN card
  2. Deed of declaration
  3. List of authorized signatories with specimen signatures
  4. Name and address of Partners

Proprietor

  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected

Company

  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution
  5. List, signature and ID as well as address proof of authorized signatories

Trust

  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card

NRI

  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘Shriram Transport Finance Company Limited’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card , Accommodation letter from employer ,Documents by foreign authorities ,property/municipal tax receipt , Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above

HUF

  1. HUF PAN card
  2. HUF Declaration
  3. Proof of Identity and Address ( As per KYC documents mentioned for Individual) of the Karta

Partnership

  1. Registration certificate
  2. Partnership deed
  3. Authorised signatory List
  4. Proof of identity and address(as per KYC documents mentioned for individuals) of the authorised signatories

Proprietor

  1. ID & Address proof of the proprietor
  2. PAN card of proprietor
  3. Address Proof
  4. Photograph
  5. If the sole proprietorship is in different name, the bank statement, OR registration certificate OR telephone bill
  6. Cancelled cheque leaf for Bank account verification

Company

  1. Certificate of incorporation
  2. Memorandum and Articles of Association
  3. A resolution from the Board of Directors and power of attorney granted to its Managers, Officers or employees to transact on its behalf
  4. PAN copy of the company
  5. List, signature and Proof of identity and address (as per KYC documents mentioned for individuals) of the authorised signatory of the company signing the application

Trust

  1. Registration certificate
  2. Trust deed
  3. Proof of identity and address (as per KYC mentioned for individuals) of the authorised signatory of the trust / institution signing the application

NRI

They do not offer fixed deposits under NRI category

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘Sundaram Home Finance Limited’ and crossed ‘Account Payee only’
  3. All documents should be self-attested

Individual

  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card , Accommodation letter from employer ,Documents by foreign authorities ,property/municipal tax receipt , Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA

HUF

  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in the name of HUF
  4. KYC documents of all the adult members of HUF

Partnership

  1. Registration certificate, if registered
  2. Partnership deed
  3. Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
  4. Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
  5. Telephone bill in the name of firm/partners.

Proprietor

  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected

Company

  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution for opening the FD account
  5. List, signature and ID as well as address proof of authorized signatories
  6. Utility bill

Trust

  1. PAN Card
  2. Certificate of Registration
  3. Trust Deed
  4. Resolution – Authorising Placement of Deposit
  5. List of Authorised Signatories.

NRI

  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

The renewal process of a FD is similar to purchasing a new FD.

You need to submit:

  1. Renewal form (same as purchase form but renewal option has to be selected)
  2. FD certificate with your signature on the backside to renew it
  3. Any extra document required by the company

Credit rating implies the evaluation of the credit worthiness of a company, predicting its ability to pay back the debt. The meanings of rating scales of various agencies are:

CRISIL ICRA CARE BRICKWORKS FITCH
Highest Safety CRISIL FAAA ICRA MAAA CARE AAA BWR FAAA AAA
High Safety CRISIL FAA ICRA MAA CARE AA BWR FAA AA
Adequate Safety CRISIL FA ICRA MA CARE A BWR FA A
Moderate Safety - - CARE BBB BWR FBBB BBB
Moderate Risk - - CARE BB BWR FBB BB
High Risk CRISIL FB ICRA MB CARE B BWR FB B
Substantial Risk - - - - CCC
Very High Risk - - - - CC
Exceptionally High Risk CRISIL FC ICRA MC CARE C BWR FC C
Restricted Default - - - - RD
Default CRISIL FD ICRA MD CARE D BWR FD D
  • Interest Rates: Corporate FDs usually offer a higher rate of return v/s Bank FDs.
  • Security & Rating: Bank FDs don’t have ratings to distinguish riskiness but a sum upto Rs 1 Lac is insured by RBI against insolvency of the bank. In case of corporate deposits, its financials and ratings for fixed deposits should be looked into before making a deposit in them.

Interest on Corporate FDs is paid monthly / quarterly / half yearly / yearly / on maturity depending on the scheme selected. Interest will be paid to the investor’s registered bank account at intervals as selected by the customer.