(Effective Date: November 01, 2024 )

• Amount of return has been calculated taking into consideration of 10% source tax.
• Excise Duty and Advance Income Tax are applicable as per government laws
• Only Senior Citizens (Age 60 years or above) will be entitled to get 0.25% higher rate except 3-5 months deposit
• These rates are not applicable for deposits from Banks and NBFIs

Papers Required:

   i) For Individual:

• One passport size photographs of the depositor is attested by the introducer
• Photocopy of ID (Valid Passport, National ID /Smart NID/Voter ID etc.) of depositor
• One passport size photographs and NID of the nominee is attested by the Account holder
• Account holder's E-TIN Certificate
• Supporting documents relating to source of fund

   ii) For Institution:

• Up to date Trade License, Schedule (x) and Form XII.
• E-TIN certificate of the company.
• Memorandum and Article of Association of the Company.
• Certificate of Incorporation of the Company.
• Trust deed, reorganization certificate from NBR if applicable.
• Board/ Operating Resolution & Signatory Resolution for opening of Account.
• Photograph and National ID photocopy of all signatories attested by the board secretary/other official.

Note: The above rates are subject to change from time to time without prior notice as per decision of the IIDFC PLC. Management.