Name on FD Slip VS Name in A/c

This query is : Resolved

jaspal (Querist)
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19 February 2009
If on Fixed deposit slip i have mentioned Jaspal Singh Mehndiratta

And my bank account is in the name of Jaspal Singh

Legally can FD be issued ?
Under what name ?
Any RBI annexure/guideline supporting your reply.

JS
(MBA + 2nd. yr. LLB )

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 February 2009 Fixed deposit will be issued in the name of Mr.Jaspal Singh since the bank account is in that name.
If the Fixed Deposit is to be issued in the name of Mr. Jaspal Singh Mehndiratta, as per RBI's Know Your Customer Norms, identity and address proof in that name is to be given to the concerned bank.

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