Fd in my sister's name

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 I want to make FD of Rs.200000 in the name of my sister. What is the procedure?
1. whether i have to transfer the amount to my Sister's account then FD is made in her account
or
2.Should i make FD in my bank and make my sister as nominee??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 you just need to write your sisters name in the application form as first applicant and then as joint applicant mention your name.

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 But the amount is in my account.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 still you can make it with joint name in fd

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 and after maturity the amount will goes in which account in my account or my sister's account?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 it will go in the account which u mention in the application form and even the int as instructed in the form

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 I have account in canara bank any my sisters account is in SBI i want to make FD in Canara Bank

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 yes still u can make in canara with first name as your sister and 2nd name as urs and take int and principle in canara bank account.

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 Mr. tushar please understand the query and then reply...........if principal and interest would be in canara bank then how my sister would be benefitted???//I want that principal and interest both goes to her account only.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 then you can make your sister as account holder in ur existing account

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 aapko nahi pata kuch to please reply mat karo na let others reply this query

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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19 February 2015 if u dont understand then pls ask any1 without having an account how can she get the principle and int amount from canara bank when she has account in sbi??????

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2015 would you please shut up?????

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