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Can Company FD be opened in name of a Child?

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NRI Form ⇒

Yes. One can make a deposit in the name of minor provided such minor is represented by his natural or legal guardian and the Application Form for the deposit is signed by the natural/legal guardian, on behalf of the minor. All communication in relation to the deposit shall be addressed to the guardian.

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Find more questions on this topic

  1. What is Company Fixed Deposit?
  2. How are interest payments made in Company FDs?
  3. Are company fixed deposits taxable?
  4. What's the minimum investment amount in a CFD?
  5. Do senior citizens get higher interest on company FDs?
  6. Can I withdraw before maturity in a CFD?
  7. Can I get a loan against a Company FD?
  8. Who can apply for Corporate Fixed Deposit?
  9. Who can apply for a Company FD?
  10. What are the documents needed by individuals to open a CFD?
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