Fd in my sister's name

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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)

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)

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)

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)

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)

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)

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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