Sunday, March 28, 2010

Can I use fixed deposit for maintenance proof?

One of the most common question, when it comes to show the maintenance fund proof, is whether we can use a Fixed Deposit?

The fixed term deposit CAN be used as a maintenance proof, provided, accompanied by a letter from the bank.
The letter should state that the amount can be liquidated or en-cashed at any point of time, apart from the following details:

  • The letter should be on the official letter head of the bank
  • Name of the Fixed Deposit holder,
  • The Fixed Deposit account number, if any
  • The start and end date of the Fixed deposit
  • The bank account that the Fixed Deposit is associated with

Note:
1.The original Fixed Deposit should be attached to your supporting documents list
2. If the Fixed Deposit is not in English, you need to translate it and attach both the original, as well as the translated copies

2 comments:

  1. why do we need to send the original fd certificates??we can provide the attested copy of the original??if ever we send the original will they return it back to us?isnt it risky??

    ReplyDelete
  2. It is not risky. Take a copy of it before you send it. There were few rejections, without sending the originals!

    ReplyDelete