Company does not allow change in name of the F.D holder(s). However, on furnishing of following documents for each category of F.D holders, same can be considered for the purpose:
Resident Individuals can avail the exemption by furnishing form no. 15-G, provided the total annual income by way of interest does not exceed the limits as prescribed under income tax rules. Please, refer to link below to download form 15-G.
TDS exemption can be granted to Companies, trusts & trade unions or any individual (other than mentioned above) only on received of letter to this effect issued by Income Tax Department.
As per prevailing Income tax laws, if aggregate amount of interest paid/ accrued, during a Financial year exceeds Rs. 5,000/-, tax will be deducted at source. Net interest after deduction will be paid to the F.D holder.
Kindly, send us a request to the company in the format as provided in the link below. The request letter for issuance of duplicate TDS certificate must be signed by first applicant in case of individual F.D holders and by authorized signatories in case of Company, trust, body corporate or power of attorney holder as per specimen signatures recorded with the company. In case of change in the authorized signatories, request letter must be duly supported by board resolution/ trust deed. On receipt of the documents mentioned above, duplicate TDS certificate will be issued to the F.D holder.
In case you have opted for non-cumulative Fixed Deposit scheme, overleaf of counter-foil of your interest warrants is the TDS certificate for the Financial year. In case of cumulative scheme, TDS certificate (s) is sent after one month from date of due / accrued interest on the Fdr in each Financial year.
Kindly, send us request letter along with refund/ interest warrant(s)/Demand Draft in original to our operating office for revalidation. Fresh Demand Draft in lieu of the above mentioned instrument(s) will be issued to you.
Each refund/interest warrant is valid for three months and Demand Draft is valid for six months, unless mentioned otherwise on the same, from the date mentioned on the same.
Company may transfer the Fdr on submission of Certified copy of Succession certificate. Under special circumstances, the company may consider transmission of Fixed Deposit, on submission of duly executed Indemnity bond & Affidavit, as per format provided in the link below.
Instructions for transmission of Fixed Deposit:
In such a situation copy of the registered will must be sent to the company along with FDR & request in writing for transmission of FDR. . However, Company may ask for completion of other formalities to its satisfaction before transmission of the Fixed deposit.
Yes, name of joint name(s) can be added in the Fixed deposit. However, there can be only three joint applicants, including first applicant for each Fdr. Nominee can be appointed in case there is no joint applicant in the Fixed Deposit.