Tamil Nadu Power Finance and

Infrastructure Development Corporation Limited

(A Government of Tamil Nadu Enterprise)
Regd. Office : “ Tufidco - Powerfin Tower”, 490 / 3-4, Anna Salai, Nandanam, Chennai - 600 035.
APPLICATION FORM FOR FIXED DEPOSIT
Please fill the information in BLOCK letters and tick in appropriate places, only with black or blue ink.
We neither accept nor permit intermediary or employee to accept cash.
I /We place a Deposit as under
PRODUCTS CUMULATIVE NON-CUMULATIVE
PERIOD 12 MONTHS 24 MONTHS 36 MONTHS 48 MONTHS 60 MONTHS
INTEREST PAYMENT Monthly Quarterly Annually On Maturity
TYPE OF DEPOSIT Fresh Renewal Both
PAYMENT DETAILS Cheque RTGS/NEFT If RTGS/NEFT, UTR No.

Amount of Deposit ` ............................ (Rupees ...........................................................................................................................................................Only)

Cheque / D.D No.............................. Dated ......................... Favouring Tamil Nadu Power Finance and Infrastructure Development Corporation Limited

Drawn on ...........................................................................................................................................................................................................................

If renewal, Old Certificate No. ................................................................. Maturity Date .........../.........../................. Maturity Amount Rs............................................

Renewal Amount Rs................................................................... Balance to be refunded / paid Rs....................................................................................................

Total InvestmentAmount .................................................. (Rupees ................................................................................................................................................)

Type of Receipt E- Receipt
Auto Renewal Renewal for Principal Amount Principal with Interest Amount
(Default option Auto Renewal, if no option selected) (Default option Principal with Interest Amount, if no option selected)
Name of the First Applicant : Mr./Ms./Minor/M/s.
Customer ID : Address :

City : State : Country :

Pincode : e-mail:
Date of Birth : Mobile: Landline:

Name of the Second Applicant / Guardian in case of minor :

Address :
City : State : Pincode :
Name of the Third Applicant / Guardian in case of minor :
Address :
City : State : Pincode :

Tax to be deducted : Yes No Form 15G/15H/197 furnished : Yes No PAN : Nomination : Yes No
Details of Bank Account (Sole/First Applicant)
Bank Account Number :___________________________________________ Bank Name ______________________________________________
MICR Code : Bank Branch :____________________________________________
IFS Code :
(Cancelled cheque leaf to be provided for proof of Account details) Account : Saving Current

I.T. STATUS CONSTITUTION

Resident Individual HUF Trust Pubic Ltd. Co. Pvt. Ltd. Co. Govt. Company
Non-Resident Board Local Authority Society Govt. Dept. Temples University
Deposit Repayment to be made to Sole / First Named Applicant First Named (or) Survivor First Named (or) Survivor (s)

DATE : SIGNATURE(S) OF First Applicant Second Applicant Third Applicant

FOR OFFICE USE ONLY
E-Certificate No. Amount (`) Date of Deposit

Authorised Signatory
Request you to send E-FDR by post E-Certificate handed over in person on E-Certificate sent by post on
 KYC Format Mandatory for New Customers
Tamil Nadu Power Finance and Infrastructure Development Corporation Ltd., Chennai | Know Your Customer (KYC) Application Form | Individual
Important Instruction : E) List of State / U.T. code as per Indian Motor Vehicle Act. 1988 is
A) Fields marked with * are mandatory fields. available at the end.
B) Please fill the form in English and in BLOCK letters. F) List of two character ISO 3165 country codes is available at the end.
C) Please fill the date in DD-MM-YYYY format G) For Particular section update, please tick (4) in the box available before
D) Please read section-wise detailed guidelines / instructions at the end. the section number and strike off the sections not required to be updated.
Application Type* New Update
For Office use only
(not to be filled by individual) KYC Number
Account Type* Normal Simplified (for low risk customers) Small
1. PERSONAL DETAILS (Please refer instruction ‘A’ at the end)

Name* (Same as ID Proof)

Father / Spouse Name*

Mother Name*

Date of Birth* D D M M Y Y Y Y PHOTO

Gender* M - Male F - Female T - Transgender
Marital Status* Married Unmarrried Others
Citizenship* N - Indian Other (ISO3166 Country Code )
Residential Status* Resident Individual
Foreign National
Occupation Type* S-Service ( Private Sector Public Sector Government Sector)
O-Others ( Professional Self Employed Retired Housewife Student)
B-Business
X-Not Categorised Signature

2. TICK IF APPLICABLE RESIDENCE FOR TAX PURPOSES IN JURISDICTIONS(S) OUTSIDE INDIA (Please refer Instruction B at the end)
ADDITIONAL DETAILS REQUIRED* (Mandatory only if section 2 is ticked)
ISO 3166 Country Code of Jurisdiction of Residence*
Tax Identification Number or equivalent (if issued by jurisdiction)*
Place / City of Birth* ISO 3166 Country Code of Birth*
3. PROOF OF IDENTITY (Pol)* (Please refer instruction C at the end)
(Certified copy of any one of the following Proof of Identity (Pol) needs to be submitted)
A-Passport Number Passport Expiry Date D D M M Y Y Y Y
B-Voter ID Card
C-PAN Card
Driving Licence Expiry Date D D M M Y Y Y Y
D-Driving Licence
E-UID (Aadhaar)
F-NREGA Job Card
Z-Others (any document notified by the Central Government) Identification Number

S-Simplified Measures Account - Document Type Code Identification Number

4. PROOF OF ADDRESS (PoA)*
4.1 CURRENT / PERMANENT / OVERSEAS ADDRESS DETAILS (Please see instruction D at the end)
(Certified copy of any one of the following Proof of Identity (Pol) needs to be submitted)
Address Type* Residential / Business Residential Business Registered Office Unspecified
Proof of Address* Passport Driving Licence UID (Aadhaar)
Voter Identity Card NREGA Job Card Others
Address Simplified Measures Account-Document Type Code

Line 1*
Line 2*
Line 3 City / Town / Village*
District* Pin / Post Code* State / U.T. Code* ISO 3166 Country Code*

2
 4.2 CORRESPONDENCE / LOCAL ADDRESS DETAILS* (Please see instruction ‘E’ at the end)
Same as Current / Permanent / Overseas Address details (In case of multiple correspondence / local addresses, please fill 'Annexure A1')
Line 1*
Line 2*
Line 3 City / Town / Village*
District* Pin / Post Code* State / U.T. Code* ISO 3166 Country Code*
4.3 ADDRESS IN THE JURISDICTION DETAILS WHERE APPLICANT IS RESIDENT OUTSIDE INDIA FOR TAX PURPOSES* (Applicable if section 2 is ticked)
Same as Current / Permanent / Overseas Address details Same as Correspondence / Local Address details
Line 1*
Line 2*
Line 3* City / Town / Village*
District* Pin / Post Code* ISO 3166 Country Code*

5. CONTACT DETAILS (All communications will be sent on provided Mobile No. / Email-ID) (Please refer instruction ‘F’ at the end)
Tel. (Off) Tel. (Res) Mobile
Fax Email ID

6. DETAILS OF RELATED PERSON (in case of additional related persons, please fill "Annexure B1') (Please refer instruction ‘G’ at the end)
Additional of Related Person Deletion of Related Person KYC Number of Related Person (if available*)

Related Person Type* Guardian of Minor Assignee Authorized Representative

Prefix First Name Middle Name Last Name
Name*
(lf KYC number and name are provided, details below of section 6 are optional)
PROOF OF IDENTITY (Pol) OF RELATED PERSON (please see instruction (H) are optional)
A-Passport Number Passport Expiry Date D D M M Y Y Y Y
B-Voter ID Card
C-PAN Card
Driving Licence Expiry Date D D M M Y Y Y Y
D-Driving Licence
E-UID (Aadhaar)
F-NREGA Job Card
Z-Others (any document notified by the Central Government) Identification Number

S-Simplified Measures Account - Document Type Code Identification Number

7. REMARKS (if any)

8. APPLICANT DECLARATION
l I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I undertake to inform you of any changes
therein, immediately. In case any of the above information is found to be false or untrue or misrepresenting. I am aware that I may be held liable for it.
l l hereby consent to receive information from KYC Registry through SMS/ Email on the above registered number/ email address.

Date : D D M M Y Y Y Y Place : Signature of First Applicant

9. ATTESTATION / FOR OFFICE USE ONLY
Documents Received Certified Copies
KYC VERIFICATION CARRIED OUT BY INSTITUTION DETAILS
Date : D D M M Y Y Y Y Name
Emp. Name Code
Emp. Code
Emp. Designation
Emp. Branch
(Employee Signature) (Institution Stamp)

3
 DECLARATION :
I/We hearby declare that the amount being deposited herewith is not out of any funds acquired by me/us by borrowing or accepting from any other person. I/We
declare that the first applicant is the beneficial owner of this joint deposit & is to be treated as the payee for the purpose of deduction of Tax under Section 194A of the
Income Tax 1961 (I/We have read the Terms & conditions of Deposits & agree to abide by them.)
I/We have gone through the financial & other declarations furnished by the Company & after careful consideration I am/We are making the deposit with the Company
at my/our own risk & volition. I/We further declare that I/We am/are authorized to make this Deposit in the above mentioned Scheme & that the amount kept in the
Deposit is through legitimate source & does not involve directly or indirectly any proceeds of Schedule of offence & or is not designed for the purpose of any
contravention or evasion of the provisions of the Prevention of Money Laundering Act 2002 & any Rules, Regulations, Notifications, Guidelines or Directions
thereunder, as amended from time to time, I/We shall provide any further information & fully co-operate in any investigation as & when required by the Company in
accordance with the applicable law. I/We further affirm that the information/details provided by me/us is/are true & correct in all respect & nothing has been
concealed.

Affix a latest Affix a latest Affix a latest

Photograph Photograph Photograph
with Signature with Signature with Signature
(DO NOT STAPLE) (DO NOT STAPLE) (DO NOT STAPLE)

________________________ ________________________ ________________________

st nd rd
1 Applicant Signature 2 Applicant Signature 3 Applicant Signature
(Guardian in case of Minor) (Guardian in case of Minor) (Guardian in case of Minor)

NOMINATION DETAILS FORM DA1

Nomination under section 45 QB of the Reserve Bank of India Act, 1934 (read with Section 45 ZA of the Banking Regulation Act, 1949 and Rule 2(1) of the Banking
Companies (Nomination) Rules, 1985) in respect of deposits with Non-Banking Financial Companies.

Name of the Nominee Mr. / Ms. Date of Birth :

Relation of Nominee with First Applicant

Guardian’s Name Mr./Ms./ Mrs.

Address of Nominee

City State Country Pin

Tel Email Mobile

Depositors are strongly advised to have their accounts in joint names or use nomination.

Nomination Signature: ........................................................................ Witness Signature: ........................................................................

I/We have read and understood the nomination rules prescribed by Reserve Bank of India and the Procedure / terms and conditions laid down by the
Company governing the nomination facility and accept that they are binding on me/us

I. CANCELLATION OF NOMINATION

Depositor(s) can change (cancel the nomination at any point of time by filling with the company the prescribed form. The prescribed form is available
on the Company's website.

II. ALTERATION OF NOMINATION

Depositor(s) are allowed to change/cancel the holder(s) only at the time of renewal.

4
 INCOME-TAX RULES, 1962
FORM NO. 15G
[See section 197A(1), 197(1A) and rule 29C] Declaration under section 197A(1) and section 197A(1A) to be made by an
individual or a person (not being a company or firm) claiming certain incomes without deduction of tax
PART I
1. Name of Assessee (Declarant) 2. PAN of the Assessee1
3 4
3. Status
2
4. Previous year(P.Y.) (for which declaration 5. Residential Status
is being made)
6. Flat/Door/Block No. 7. Name of Premises 8. Road/Street/Lane 9. Area/Locality

10. Town/City/District 11. State 12. PIN 13. Email

14. Telephone No. (with STD Code) 15. (a) Whether assessed to tax under the and Mobile No.Income-taxAct, 1961 :
5
Yes No
(b) If yes, latest assessment year for which assessed

16. Estimated income for which this declaration is made 17. Estimated total income of the P.Y. in which income mentioned
in column 16 to be included6
18. Details of Form No.15G other than this form filed for the previous year, if any7
Total No. of Form No.15G filed Aggregate amount of income for which Form No.15G filed
0 Rs.0
19. Details of income for which the declaration is filed
8
SI. No. Identification number of relevant investment/ account, etc. Nature of income Section under which tax is deductible Amount of income
1) Interest other than
Folio No./FDR No. 194 A
Interest on securities

..................................................
10
Signature of the Declarant9
Declaration / Verification
*1/We......................................................................................... do hereby declare that to the best of *my/our knowledge and belief what is stated above is correct, complete and is truly
stated. *I/We declare that the incomes referred to in this form are not includable in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961. *I/We further
declare that the tax on my/our estimated total *income including *income/incomes referred to in column 16 *and aggregate amount of income/incomes referred to in column 18 computed
in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on relevant to the assessment year......................................................will be nil. *I/We also
declare that *my/our *income/incomes referred to in column 16 *and the aggregate amount of *income/incomes referred to in column 18 for the previous year ending on relevant to the
assessment year ......................will not exceed the maximum amount which is not chargeable to income-tax.
Date :................................................. ..................................................
Place :................................................. Signature of the Declarant9

PART II
[To be filled by the person responsible for paying the income referred to in column 16 of Part I]
11
1. Name of the person responsible for paying 2. Unique Identification No.
Tamil Nadu Power Finance and Infrastructure Development Corporation Limited
3. PAN of the person responsible for paying: 4. Complete Address: 5. TAN of the person responsible for paying:
AAACT2840A 490 / 3-4, Anna Salai, Nandanam, CHET00927D
Chennai - 600 035.
6. Email : [email protected] 7. Telephone No. 8. Amount of income paid12
(with STD Code) : 044 - 46312345
9. Date on which Declaration is received 10. Date on which the income has been paid/credited
(DD/MM/YYYY) (DD/MM/YYYY)

Date :.................................................
..................................................
Signature of the person responsible for paying
Place :................................................. the income referred to in column 16 of Part I
*Delete whichever is not applicable. 1961 and on conviction be punishable
1
As per provisions of section 206AA(2), the declaration under section 197A(1) or 197A(1A) shall be (i) in a case where tax sought to be evaded exceeds twenty-five lakh rupees, with rigorous
invalid if the declarant fails to furnish his valid PermanentAccount Number (PAN). imprisonment which shall not be less than six months but which may extend to seven years
2
Declaration can be furnished by a resident individual under section 197A(1) and a person (other than and with fine:
a company or a firin) under section 197A(1). (ii) in any other case, with rigorous imprisonment which shall not be less than three months but
3
The financial year to which the income pertains. which may extend to two years and with fine.
4 11
Please mention the residential status as per the provisions of section 6 of the Income taxAct, 1961. The person responsible for paying the income referred to in column 16 of Part I shall allot a unique
5
Please mention "Yes" if assessed to tax under the provisions of Income tax Act, 1961 for any of the identification number to all the Form No. 15G received by him during a quarter of the financial year
assessment year out of six assessment years preceding the year in which the declaration is filed. and report this reference number along with the particulars prescribed in rule 31A (vii) of 52 in the
6
Please mention the amount of estimated total income of the previous year for which the declaration TDS statement furnished for the same quarter. In case the person has also received Form No.15H
is filed including the amount of income for which this declaration is made. during the same quarter, please allot separate series of serial number for Form No. 15G and Form
7
In case any declaration(s) in Form No. 15G is filed before filing this declaration during the previous No.15H.
12
year, mention the total number of such Form No. 15G filed along with the aggregate amount of The person responsible for paying the income referred to in column 16 of Part I shall not accept the
income for which said declaration(s) have been filed. declaration where the amount of income of the nature referred to in sub-section (1) or sub-section
8
Mention the distinctive number of shares, account number of term deposit, recurring deposit, (1A) of section 197A or the aggregate of the amounts of such income credited or paid or likely to be
National Savings Schemes, life insurance policy number, employee code, etc. credited or paid during the previous year in which such income is to be included exceeds the
9
................................................................. maximum amount which is not chargeable to tax. For deciding the eligibility, he is required to verify
10
Before signing the declaration/verification, the declarant should satisfy himself that the information income or the aggregate amount of incomes, as the case may be, reported by the declarant in
furnished in this form is true, correct and complete in all respects. Any person making a false columns 15 and 17.
statement in the declaration shall be liable to prosecution under section 277 of the Income-tax Act,

5
 INCOME-TAX RULES, 1962
FORM NO. 15H
[See section 197A(1C) and rule 29C]
Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain
incomes without deduction of tax.
PART I
1 2
1. Name of Assessee (Declarant) 2. PAN of the Assessee 3. Date of Birth (DD/MM/YYYY)

3
4. Previous year(P.Y.) (for which declaration 5. Flat/Door/Block No. 6. Name of Premises
is being made)
7. Road/Street/Lane 8. Area/Locality 9. Town/City/District 10. State

11. PIN 12. Email 13. Telephone No. (with STD Code) and Mobile No.

14. (a) Whether assessed to tax

4
Yes No
(b) If yes, latest assessment year for which assessed

15. Estimated income for which this declaration is made 16. Estimated total income of the P.Y. in which income mentioned
in column 16 to be included5
6
17. Details of Form No.15G other than this form filed for the previous year, if any
Total No. of Form No.15H filed Aggregate amount of income for which Form No.15H filed
0 Rs.0
18. Details of income for which the declaration is filed
7
SI. No. Identification number of relevant investment/ account, etc. Nature of income Section under which tax is deductible Amount of income
1) Interest other than
Folio No./FDR No. 194 A
Interest on securities
..................................................
8
Signature of the Declarant
Declaration / Verification
*I......................................................................................... do hereby declare that I am resident in India within the meaning of section 6 of the Income-tax Act, 1961. I also hereby declare
that to the best of my knowledge and belief what is stated above is correct, complete and is truly stated and that the incomes referred to in this form are not includible in the total income of
any other person under sections 60 to 64 of the Income-tax Act, 1961. I further declare that the tax on my estimated total income including *income/incomes referred to in column 15* and
aggregate amount of income/incomes referred to in column 17 computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on relevant to the
assessment year will be nil.
Date :................................................. ..................................................
Place :................................................. Signature of the Declarant

PART II
[To be filled by the person responsible for paying the income referred to in column 16 of Part I]
9
1. Name of the person responsible for paying 2. Unique Identification No.
Tamil Nadu Power Finance and Infrastructure Development Corporation Limited
3. PAN of the person responsible for paying: 4. Complete Address: 5. TAN of the person responsible for paying:
AAACT2840A 490 / 3-4, Anna Salai, Nandanam, CHET00927D
Chennai - 600 035.
6. Email : [email protected] 7. Telephone No. 8. Amount of income paid10
(with STD Code) : 044 - 46312345
9. Date on which Declaration is received 10. Date on which the income has been paid/credited
(DD/MM/YYYY) (DD/MM/YYYY)

Date :.................................................
..................................................
Signature of the person responsible for paying
Place :................................................. the income referred to in column 16 of Part I
*Delete whichever is not applicable. (i) in a case where tax sought to be evaded exceeds twenty-five lakh rupees, with rigorous
1
As per provisions of section 206AA(2), the declaration under section 197A(1) or 197A(1A) shall be imprisonment which shall not be less than six months but which may extend to seven years and
invalid if the declarant fails to furnish his valid PermanentAccount Number (PAN). with fine:
2
Declaration can be furnished by a resident individual under section 197A(1) and a person (other than (ii) in any other case, with rigorous imprisonment which shall not be less than three months but
a company or a firin) under section 197A(1). which may extend to two years and with fine.
3
The financial year to which the income pertains. 11
4
Please mention the residential status as per the provisions of section 6 of the Income taxAct, 1961. The person responsible for paying the income referred to in column 16 of Part I shall allot a unique
5
Please mention "Yes" if assessed to tax under the provisions of Income tax Act, 1961 for any of the identification number to all the Form No. 15G received by him during a quarter of the financial year
assessment year out of six assessment years preceding the year in which the declaration is filed. and report this reference number along with the particulars prescribed in rule 31A (vii) of 52 in the
6
Please mention the amount of estimated total income of the previous year for which the declaration TDS statement furnished for the same quarter. In case the person has also received Form No.15G
is filed including the amount of income for which this declaration is made. during the same quarter, please allot separate series of serial number for Form No. 15H and Form
7
In case any declaration(s) in Form No. 15G is filed before filing this declaration during the previous No.15G.
year, mention the total number of such Form No. 15G filed along with the aggregate amount of 12
The person responsible for paying the income referred to in coluinn 16 of Part I shall not accept the
income for which said declaration(s) have been filed. declaration where the amount of income of the nature referred to in sub-section (1) or sub-section
8
Mention the distinctive number of shares, account number of term deposit, recurring deposit, (1A) of section 197A or the aggregate of the amounts of such income credited or paid or likely to be
National Savings Schemes, life insurance policy number, employee code, etc. credited or paid during the previous year in which such income is to be included exceeds the
10
Before signing the declaration/verification, the declarant should satisfy himself that the information maximum amount which is not chargeable to tax. For deciding the eligibility, he is required to verify
furnished in this form is true, correct and complete in all respects. Any person making a false income or the aggregate amount of incomes, as the case may be, reported by the declarant in
statement in the declaration shall be liable to prosecution under section 277 of the Income-tax Act, columns 15 and 17.
1961 and on conviction be punishable

6
TNPFC Ltd., Chennai Instruction / Check list / Guidelines for filling Individual KYC Application
General Instructions :
1. Fields marked with '*' are mandatory fields.
2. Tick ' ü' wherever applicable.
3. Self-Certification of documents is mandatory.
4. Please fill the form in English and in BLOCK Letters.
5. Please fill all dates in DD-MM-YYYY format.
6. Wherever state code and country code is to be furnished, the same should be the two - digit code as per Indian Motor Vehicle, 1988 and ISO 3166
country code respectively list of which is available at the end.
7. KYC number of applicant is mandatory for updation of KYC details.
8. For particular section update, please tick (' ü') in the box available before the section number and strike off the sections not required to be
updated.
9. In case of 'SmallAccount type' only personal details at section number 1 and 2, photograph, signature and self-certification required.
A. Clarification / Guidelines on filling 'Personal Details' section
1. Name : Please state the name with Prefix (Mr/Mrs/Ms/Dr./etc.) The name should match the name as mentioned in the Proof of Identity submitted
failing with the application is liable to be rejected.
2. Either father's name of spouse's name is to be mandatorily furnished. In case PAN is not available father's name is mandatory.
B. Clarification / Guidelines on filling details if applicant residence for tax purposes in jurisdiction(s) outside India
1. Tax Identification Number (TIN): TIN need not be reported if it has not been issued by the jurisdiction. However, if the said jurisdiction has issued a
high integrity number with an equivalent level of identification (a "Functional equivalent"), the same may be reported. Examples of that type of
number for individual include, a social security/insurance number, citizen / personal identification/services code/number, and resident
registration number)
C. Clarification / Guidelines on filling 'Proof of Identity (Pol)' section
1. If driving license number or passport is provided as proof of identity then expiry date is to be mandatorily furnished.
2. Mention identification / reference number if 'Z-Others (any document notified by the central government) is ticked.
3. In case of Simplified Measures Accounts for verifying the identity of the applicant, any one of the following documents can also be submitted and
under noted relevant code may be mentioned in point 3 (S).
Document Code Description
01 Identity card with applicant's photograph issued by Central / State Government Departments, Statutory / Regulatory
Authorities, Public Sector Undertakings, Scheduled Commercial Banks and Public Financial Institutions.
02 Letter issued by a gazetted officer, with a duly attested photograph of the person.
D. Clarification / Guidelines on filling 'Proof of Address (POA) - Current / Permanent / Overseas Address details' section
1. POAto be submitted only if the submitted Pol does not have an address or address as per Pol is invalid or not in force.
2. State / U.T Code and Pin / Post Code will not be mandatory for Overseas addresses.
3. In case of Simplified Measures Accounts for verifying the address of the applicant, any one of the following documents can also be submitted and
under noted relevant code may be mentioned in point 4.1.
Document Code Description
01 Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped
gas, water bill).
02 Property or Municipal Tax receipt.
03 Bank account or Post Office savings bank account statement.
04 Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector
Undertakings, if they contain the address.
05 Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or
regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed
companies, Similarly, leave and license agreements with such employers allotting official accommodation.
06 Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in
India.
E. Clarification / Guidelines on filling 'Proof of Address [POA] - Correspondence / Local Address details' section
1. To be filled only in case the PoA is not the local address or address where the customer is currently residing. No separate PoA is required to be
submitted.
2. In case of multiple correspondence / local addresses, Please fill 'AnnexureA1'
F. Clarification / Guidelines on filling 'Contact details' Section
1. Please mention two-digit country code and 10 digit mobile number (eg. for Indian mobile number mention 91-999999999).
2. Do not add 'O' in the beginning of Mobile number.
G. Clarification / Guidelines on filling 'Related Person details' section
1. Provide KYC number of related person if available.
H. Clarification / Guidelines on filling 'Related Person details - Proof of identity [Pol] of Related Person' section
1. Mention identification / reference number if 'Z-Others (any document notified by the central government)' is ticked.

7
DECLARATION :

I/We have read and understood the terms and conditions of deposit schemes of the Corporation and confirm that these are binding on me/us.
I/We have also declare that, I/We have not borrowed any funds for placing this deposit. I/We also declare that the first applicant is the
beneficial owner and is to be treated as the payee for the purpose of deduction of the tax under Section 194-Aof the Income TaxAct, 1961.

VERIFICATION :

I/We have gone through the financial and other declarations furnished by the Corporation and after careful consideration I/We am/are making
the doposit with the corporation at my / our own risk and volition.

Information required to be specified as per the provisions of Non-Banking Financial Companies Acceptance of Public Deposit
(Reserve Bank) Directions, 1998 and Non - Banking Companies and Miscellaneous Non - Banking Financial Companies
(Advertisement) Rules 1977 are given below :

a. Name of the Company Tamil Nadu Power Finance and Infrastructure Development Corporation Limited
b. Date of Incorporation 27th June 1991
c. Business carried on by the Company and its Hire Purchase, lease finance, term loan and other forms of financial assistance
subsidiaries with details of branches for those who are directly / indirectly engaged in generation, transmission and
distribution of power and infrastructure development.
d. Brief particulars of the management The Company is managed by the Chairman and Managing Director, under the
supervision of the Board of Directors. All the Directors are nominated by the
Government of Tamil Nadu.
e. Name,Address and Occupation of the Directors
Sl. No. Name Designation Address
1. Thiru. Chandrakant B Kamble, IAS Principal Secretary / 490/3-4, Anna Salai, Nandanam,
Chairman and Managing Director Chennai - 600 035.
Tamil Nadu Power Finance and
Infrastructure Development
Corporation Limited
2. Thiru. S.K. Prabakar, IAS Additional Chief Secretary to Govt. (FAC) Secretariat, Fort St. George
Energy Department Chennai - 600 009.
3. Thiru. S. Krishnan, IAS Additional Chief Secretary to Government Secretariat, Fort St. George
Finance Department Chennai - 600 009.
4. Thiru. Pankaj Kumar Bansal, IAS Chairman Cum Managing Director 144, Anna Salai,
Tamil Nadu Generation and Distribution - Chennai - 600 002.
Corporation Limited (TANGEDCO)
5. Tmt. E. Sundaravalli, IAS Additional Secretary to Government, Secretariat, Fort St. George
Industries Department Chennai - 600 009.
6. Tmt. M. Asia Mariam, IAS Managing Director EVK Sampath Maaligai,
Tamil Nadu Energy Development Agency Chennai - 600 006.
7. Thiru. V. Nagappan Independent Director A1, Shoreham, 38, 5th Avenue,
Tamil Nadu Power Finance and Besant Nagar, Chennai - 600 090.
Infrastructure Development
Corporation Limited
8. Dr. M.K. Malathi Independent Director 1C, "AASHIYANA"
Tamil Nadu Power Finance and 79/86, Aspiran Garden II St,
Infrastructure Development Kilpauk, Chennai - 600 010.
Corporation Limited
9. Dr. M.K. Malathi Woman Director 1C, "AASHIYANA"
Tamil Nadu Power Finance and 79/86, Aspiran Garden II St,
Infrastructure Development Kilpauk, Chennai - 600 010.
Corporation Limited

8
f & g. Profit & Dividend: (` in lakhs)

Profit before Profit after Divident on Equity

Year ended
Tax Tax Rate Gross Amount
31/03/2017 18165.41 12973.71 30% 3892.11
31/03/2018 13626.41 9667.97 30% 2900.39
31/03/2019 19026.03 8320.02 - -
h. Summarised financial position of the Company: (` in lakhs)
as at 31/03/2019 as at 31/03/2018
Particulars
(as per Ind AS) (as per Ind AS)

ASSETS - Financial Assets

Cash and cash equivalents 21,876.87 140,123.92
Bank balance other than above 53,048.54 -
Loans 3,328,916.31 2,864,883.88
Investments 37,436.69 9,436.54
Other financial assets 514.44 28.79
Non-Financial Assets
Current tax assets 1,335.21 1,072.38
Deferred tax assets (net) 1,594.55 1,514.69
Property, Plant and equipment 390.89 384.89
Other non Financial Assets 272.43 263.34
Total Assets 3,445,385.93 3,017,708.44
Liabilities and Equity
Liabilities
Financial Liabilities
Debt securities 201,709.60 201,714.64
Deposits 2,844,561.41 2,560,082.81
Other financial Liabilities 151,813.35 150,104.13
Non - Financial Liabilities
Provisions 13,481.54 259.71
Other non - financial liabilities 6,249.45 3,561.64
Total Liabilities 3,217,815.34 2,915,722.93
Equity
Equity share capital 129,000.00 9,000.00
Other Equity 98,570.59 92,985.52
Total Equity 227,570,59 101,985.52
Total Liabilities and Equity 3,445,385.93 3,017,708.44

The Net owned funds as on 31/03/2019 is Rs. 2227570.59 Lakhs. Public Deposits as on 31/03/2019 is Rs. 560572.85 Lakhs.
i) Contracts liabilities as on 31/03/2019:
a) Contracts remaining to be executed on Capital account and not provided for : NIL
b) On Bill discounted and guarantees : NIL
c) Income Tax demanded, under dispute : ` 34.54 Crores
d) Service Tax : ` 5.23 Crores
j) The Company has no overdue deposits other than unclaimed deposits.
k) The Company hereby declares:
i) that the Company has complied with the provisions of the directions of the Reserve Bank of India applicable to it:
ii) that the compliance with the direction does not imply that the repayment of deposits is guaranteed by the Reserve Bank
of India : and
iii) that the deposits accepted by the Company are unsecured and rank pari passu with other unsecured liabilities.

Station : Chennai / For and on behalf of the Board/

Date : 30/08/2019 Chairman & Managing Director
Issued under the authority of and in the name of the Board of Directors of the Company who have by a Resolution dt. 30.08.2019 approved the above text. A copy has been delivered to
the reserve Bank of India, Department of Non-Banking Supervision, Fort Glacis, Rajaji Salai, Chennai - 600 001.

9
 Tamil Nadu Power Finance and
Infrastructure Development Corporation Limited
(A Government of Tamil Nadu Enterprise)
Regd. Office : “ Tufidco - Powerfin Tower”, 490 / 3-4, Anna Salai, Nandanam, Chennai - 600 035.
044-4631 2345, 044-66626705
[email protected] www.tnpowerfinance.com

NON-CUMULATIVE HIGHLIGHTS
GENERAL CATEGORY
1. INTEREST: Compounded quarterly.
Period Monthly Quarterly Annually
(Months) (%) p.a. (%) p.a. (%) p.a. 2. SAFETY : TN Power Finance Corporation is fully owned
by Government of Tamil Nadu. Continuously making
24 - 7.50 - profit since inception. Registered with Reserve Bank of
India as a Non Banking Finance Company vide Regn.
36 & 48 8.00 8.00 8.24 No. 07.00389.
60 8.25 8.25 8.51
3. Classified as Public Financial Institution by Ministry of
SENIOR CITIZENS (58 years & above) CompanyAffairs, Government of India.

Period Monthly Quarterly Annually 4. ACCEPTANCE : Application along with Cheque / DD

(Months) (%) p.a. (%) p.a. (%) p.a. payable at Chennai has to be submitted. Outstation
depositors should remit the deposit amount in the form
24 - 7.75 - of Core Banking Cheque / DD payable at Chennai. DD
charges have to be borne by the Depositors.
36 & 48 8.50 8.50 8.77
60 8.75 8.75 9.04 5. TN Power Finance generates electronic Fixed Deposit
Receipt (e-FDR) with QR code for all the fresh/renewal
of deposits and the same will be available for download
CUMULATIVE in PDF format from TNPFC Web portal.

GENERAL CATEGORY 6. NOMINATION FACILITY : Nomination facility is

Base Rate available to the individual depositors. There should be
Period Effective only one nominee.
(Months) per
Yield (%)
Annum (%) 7. PAYMENT OF INTEREST: Only through RTGS / NEFT.
12 7.25 7.45
8. TRUST DEPOSIT : Deposit with the Corporation is an
24 7.50 8.01 eligible investment under Section 11(5) (vii) of the
36 8.00 8.94 Income Tax Act 1961. For non deduction of tax at source
(TDS) necessary certificate from Income Tax Authorities
48 8.00 9.32 is to be furnished
60 8.25 10.09 9. LOAN FACILITY: Loans may be granted by the
Corporation upto 75% of the deposit amount after three
SENIOR CITIZENS (58 years & above) months from the date of deposit.
Period Base Rate
Effective 10. PREMATURE WITHDRAWAL : This facility is available
(Months) per
Yield (%) as per prevailing RBI guidelines.
Annum (%)
12 7.50 7.71 11. REPAYMENT OF DEPOSIT : Maturity payment will be
made through RTGS/NEFT.
24 7.75 8.30
36 8.50 9.57
Interest rates are subject to change and the rate
48 8.50 10.00 will be the prevalent rate on the date of acceptance of
deposit / renewal.
60 8.75 10.83

BUSINESS HOURS : FOR

FROM MONDAY TO FRIDAY SAFE INVESTMENT
Between 10.00 A.M. and 3.00 P.M.

SATURDAY & SUNDAY HOLIDAYS TN POWER FINANCE

10
 TERMS AND CONDITIONS

1. REMITTANCE CENTRAL KYC REGISTRY

a. Application for fixed deposit in the prescribed form is available at the Registered Office of Reserve Bank of India has mandated financial institutions to share KYC information to a
the Corporation or you may download application form from TNPFC website viz., Central KYC registry (CRESAI) who shall allot a common KYC number. Depositor(s) are
www.tnpowerfinance.com. Kindly fill up the application correctly and completely in all requested to share with us such number upon receipt of the same.
respects. Hindu Undivided Family (HUF) Deposits
b. Completed application form along with Crossed Cheque / Core Banking Cheque / Demand Deposits of HUF will be accepted subject to production of necessary documents as
Draft payable at Chennai in favour of Tamil Nadu Power Finance and Infrastructure required by the Company.
Development Corporation Limited may be forwarded to the Registered Office of the
Corporation. 3. DEPOSIT RECEIPTS
c. Deposits subject to minimum amount prescribed by the Corporation from time to time, a. An acknowledgement for the deposit amount tendered in person will be issued. The
will be accepted. Corporation will pay interest from the date of realisation of cheque. TN Power Finance
will generate electronic fixed deposit receipt (e-FDR) with QR code and will be
d. Outstation cheques are not accepted. However outstation depositor can send deposit available for download in PDF format from www.tnpowerfinance.com and download
amount by Core Banking Cheque / Demand Draft payable at Chennai. DD Charges have to TNPFC mobile app from Google Play store. e-FDR will be emailed to the registered
be borne by the depositors. Please ensure to issue CTS-2010 Cheque. email-id. Alternatively, depositor may register via IVR / Whatsapp / email for sending e-
e. Application bearing thumb impression of the depositor will not be entertained. FDR by post.
2. IDENTIFICATION OF DEPOSITORS b. Deposit Receipts are not transferable.
To comply with "Know your customer" guidelines for NBFCs prescribed by the Reserve c. Deposit Receipts may be issued in the name of joint holders not exceeding three
Bank of India, applicant(s) should provide a self-attested copy of ID proof and address persons including the first holder. In such case, all correspondence will be addressed to
proof. Any one of the following KYC documents (which contains the photograph of the the person whose name appears first in the application form. Repayment of deposit will
concerned depositor(s) can be submitted for identification and proof of residential address. be made to first named depositor only.
Individuals d. Deposits from minor(s) will be accepted jointly through guardian.
a. Passport e. Deposits with the Corporation is an eligible Investment under Section 11 (5) (vii) of
Income TaxAct, 1961.
b. PAN
4. PAYMENT OF INTEREST
c. Voter's Identity Card issued by Election Commission of India
a. Interest on non-cumulative deposit will be paid on monthly / quarterly / annual basis as
d. Job card issued by NREGAduly signed by an officer of the State Government applicable. For monthly payments, interest will be paid on completion of the month and
e. Driving License on the first working day of the next month. For quarterly payments, interest will be paid
at the end of March and for the subsequent quarters at the beginning of July, October
f. Letter issued by Unique Identification Authority of India containing details of Name and January respectively. For annual payment, interest will be paid at the end of
Address,Aadhar Number and Latest Photograph. March. The interest for the first broken period under non-cumulative scheme will
In addition to the above documents, the following additional documents can be be paid in next month.
obtained for the limited purpose of proof of address: Interest Payment Option Date of Interest Payment
a. Utility bill which is not more than two months old of any service provider (electricity, Non Cumulative – Monthly Interest option First day of every month
telephone, Post-paid mobile phone, piped gas, water bill)
Non Cumulative – Quarterly interest option 1st July, 1st October,
b. Property or Municipal Tax receipt 1st January and 31st March
c. Bank account or Post Office savings bank account statement Non cumulative – Yearly Option 31st March
d. Pension or family pension payment orders (PPOs) issued to retired employee's by Cumulative Deposits (Accrued) 31st March
Government Departments or Public Sector Undertakings, if they contain the address.
In case the above-mentioned dates are Sunday / Bank Holiday / Government Holiday,
e. Letter of allotment of accommodation from employer issued by State or Central then the interest shall be payable on immediate next working day.
Government Departments, statutory or regulatory bodies, public sector undertakings,
b. Interest, as applicable on the date of acceptance will be paid.
scheduled commercial banks, financial institutions and listed companies. Similarly,
lease and license agreements with such employers allotting official accommodation. c. Interest will be paid only through RTGS/NEFT.
f. Documents issued by Government Departments of foreign jurisdictions and letter d. In case of deposits in joint names, the payment of interest will be transferred to first
issued by Foreign Embassy or Mission in India. named depositor only.
COMPANY e. In respect of Cumulative Deposits, the interest will be paid on maturity.
a. Certificate of Incorporation. 5. INCOME TAX
b. Memorandum andArticles ofAssociation. a. TDS Deduction: As per the Income Tax act 1961, tax at applicable rate will be
deducted at source from the amount of interest paid and / or credited to a depositor if
c. A resolution of the Board of Directors and Power of Attorney granted to its Managers, the gross interest exceeds the prescribed limit during the financial year.
Officers of employees to make deposit and to transact on its behalf.
b. Furnishing of PAN: As per Section 139 (5a) of Income Tax Act 1961, every person
d. PAN of the Company and receiving any sum or income or amount from which tax has been deducted under the
e. Proof of identify and address (as per KYC documents mentioned for individuals) of the provision of the Income Tax act shall intimate his / her PAN to the person responsible
authorized signatory of the company signing the application. for deducting such tax. As per section 206 AA every person receiving any sum or
income or amount from which tax is deductible shall furnish his permanent account
Hindu undivided Family (HUF)
number (PAN) to the person responsible for deducting such tax failing which tax shall
a. HUF PAN Card. be deduced at the higher rate i.e. 20%.
b. Deed of declaration of HUF. c. As per Statutory provisions, if the aggregate amount of interest payable to a depositor
c. Proof of identify and address (as per KYC documents mentioned for individuals) of the in any of the financial year exceeds 5000/-, Income Tax at the appropriate rate as
KARTA. prescribed in the Income Tax Act / Finance Act as amended from time to time will be
deducted.
Trust and Foundations
d. Non-assessees are requested, to furnish the form (15G/15H for individual, Certificate
a. Registration Certificate. from Income Tax Authorities for other than Individual) for each financial year as per
b. Trust Deed. Income TaxAct in force from time to time for non-deduction of tax at source. Under, the
provision of this section quoting or Permanent Account Number (PAN) in the
c. Proof of identify and address (as per KYC mentioned for individuals) of the authorized declaration form 15G/15H in Clause No. 5 is mandatory for non-deduction of Tax at
signatory of the trust/institutions signing the application. Source. If PAN is not quoted in the declaration form, it would be invalid and the Tax will
Unincorporated Association of Body of individuals be deducted at applicable rate as prescribed by Income Tax Department.
a. Resolution of the managing body of suchAssociation or Body of individuals. e. In case of Cumulative Deposit, interest will be credited on 31st March or on maturity
date whichever is earlier and tax as applicable will be deducted. The maturity value
b. Power of attorney granted to him to transact on its behalf.
will vary where tax is deducted at source. Interest will be compounded after deducting
c. Proof of identity and address (as per KYC documents mentioned for individuals) of the tax amount, as applicable.
person who is holding the power of attorney to transact the business on behalf of the
6. REFUND OF DEPOSIT
Unincorporated association or body of individual.
a. The deposit will be repaid only on maturity and not on demand or notice except at the
d. Such information as may be required to collectively establish the legal existence of
discretion of the Corporation.
such an association or body of individuals.

11
 TERMS AND CONDITIONS (Contd.)

b. Repayment of maturity amount will be made through RTGS/NEFT. b. A copy of birth certificate is to be attached with the application in case the nominee is a
c. Interest will cease on the date of maturity if the deposit is withdrawn after the date of minor.
maturity. c. Nomination can be made only by the individuals. Non individual including Society,
7. RENEWAL OF DEPOSIT Trust, Body Corporate, Karta of HUF, Holder of power ofAttorney cannot nominate.

a. Deposits can be renewed from the date of maturity only if renewal instructions are d. The nominee shall not be a Trust, Society, Body Corporate, Karta of HUF and Power of
received on or before the date of maturity. In such cases, the rate prevailing on the Attorney holder.
date of maturity will be applicable. Renewal of deposits will be for an amount net of 11. OTHERS
TDS if any. a. The Corporation will not recognize any lien, charge or other encumbrance on deposit.
b. If the depositor opts for auto renewal then the deposit shall continue to be auto b. In the event of death of the first named depositor all payments on account of principal
renewed on maturity as per the instructions specified in the application form till such and / or interest of the fixed deposits will be made to the person first in the order of the
time instructions to the contrary are received from the Corporation. survivor(s) unless otherwise instructed by the depositor during his life time on
c. In the event of renewal of deposit received with in three months from date of maturity, submission of copy of death certificate.
the deposit will be renewed from the date of maturity at the interest rate, operating at c. In the event of death of sole depositor and / or all the joint depositor, all payment on
the time of maturity. In case the renewal application received/request made after account of principal and / or interest will be made to the Nominee appointed by the
three months from the date of maturity the same will be treated as fresh deposit and depositor(s), on submission of death certificate along with prescribed application and
the interest rate prevailing on the date of receipt of application will be applicable. The consent form duly signed by the nominee and attested by the Notary Public.
rate of interest applicable for the overdue period i.e., from the date of maturity to the
receipt/request of renewal application, on the amount so placed as fresh deposit shall d. In any other case, the amount will be paid to the legal representative(s) of the
be 2% less than the rate of interest applicable for 12 months deposits either at the time deceased on production of proper legal representation such as succession certificate /
of maturity or receipt/request of renewal application whichever is less. letter of administration /probate of the will granted by a court of competent jurisdiction.
d. Application for change either in the first named depositor or in the joint holder or in e. The Corporation shall be discharged from all liabilities by transferring the deposit
both can be entertained at the time of renewal with consent of the depositor/s named absolutely in favour of the survivor(s)
in the receipt. f. In the event of dispute over the claim of deposits, the Corporation reserves its right to
e. Deposits can be consolidated by adding further amounts by way of Cheque / Demand withhold payment till the dispute is finally settled to the satisfaction of the Corporation
Draft the Deposit receipt for the consolidated amount will be issued from the date of after giving due information to the claimants thereof.
realisation of Cheque / Demand Draft or the date of maturity of the existing deposit g. If the deposits are not renewed, the Corporation is not liable to pay interest on deposit
whichever is later and interest will accrue accordingly. for the period under dispute.
8. PREMATURE WITHDRAWAL h. Where any payment falls due on Sunday, Bank Holidays or any other day on which the
a. Premature withdrawal of deposits within 3 months from the date of deposit will not be office remains closed, the payment will be made on the next working day.
allowed. In case of death of a depositor premature withdrawal within 3 months will be i. The Corporation reserves the right to reject any application for deposit without
allowed without interest. assigning the reason thereof.
b. Interest for premature withdrawal of deposit after three months but before date of j. Deposit solicited by the Corporation is not insured.
maturity including in the event of death of depositor will be regulated as follows:
k. Any deposit, which remain unclaimed and unpaid for a period of seven years from the
No interest will be paid on the deposits closed after three months but before expiry of date it become due for payment will be transferred to "The Investor Education and
six months. Protection Fund" established by the Government of India u/s 125 of Companies
After six months from the Interest @ 3% per annum less than the Act, 2013.
date of deposit but before rate applicable for 12 months deposit I. The Corporation reserves the right to alter, amend / modify all or any of the conditions
twelve months will be paid. stipulated above without prior notice.
After twelve months from the Interest @ 2% per annum less than the m. All disputes will be settled subject to Chennai jurisdiction only.
date of deposit but before rate applicable for 12 months deposit
twenty four months will be paid. n. In case of non-payment of the deposit or part thereof as per the terms and conditions of
such deposits, the depositor may approach the Southern Region Bench of Company
After twenty four months Interest @ 2% per annum less than the Law Board, Shastri Bhavan. "A" wing. V Floor Block 8, No.26, Haddows Road,
from the date of deposit rate applicable for 24 months deposit Chennai - 600 006.
but before thirty six months will be paid.
o. In case of any deficiency of the Corporation in servicing its deposits may approach the
After thirty six months from Interest @ 2% per annum less than the District level Consumer Redressal Forum or a State Level Consumer Redressal
the date of deposit but rate applicable for 36 months deposit Forum for relief.
before the date of maturity will be paid.
p. The financial position of the Corporation as disclosed and the statements made in the
c. One month notice shall be given by the depositor for premature withdrawal of deposits application form are true and correct. The Corporation and its Board of Directors are
exceeding ` 1 Crore, if the deposit amount is less than ` 1 Crore, 15 days notice is responsible for correctness and veracity thereof.
sufficient.
q. The financial activities of Corporation are regulated by Reserve Bank of India. It must
d. The request of premature closure should be signed by all the depositors. however be distinctly understood that Reserve Bank of India does not undertake any
9. LOAN ON DEPOSITS responsibility for financial soundness of the corporation or for the correctness of any of
the statement or the representations made or opinion expressed by the corporation
a. Loan on deposits will be permitted (not exceeding 2 times) up to 75% of the deposit and for repayment of deposit / discharge of liabilities by the Corporation.
amount after the expiry of three months from the date of deposit.
r. The maturity value payable in case of cumulative deposit will vary where tax is
b. The loan interest will be charged at 1% above the interest payable on deposits. deducted at source.
c. Interest payable to the Corporation can be adjusted against the interest receivable by 12. NRI DEPOSITS
the depositor.
a. Deposits from NRIs as defined in the Income Tax Act, 1961 (as amended), will be
d. Renewal with loan will not be made. accepted.
e. Repayment of loan amount with the interest should be made in one lump sum. In case b. Deposit from NRIs shall be remitted to our account through normal banking channel or from
if the loan is not settled upto the date of maturity, the deposit amount will be adjusted Non - Resident Ordinary account of the prospective depositor maintained with banks on
against loan together with interest as applicable, and balance will be refunded. non repatriation basis provided that the amount deposited with the company does not
f. Maturity payment after adjustment of loan along with the interest will be made if the represent inward remittances of transfer from NRE/FCNR (B) accounts into the NRO
renewal request is not received within 15 days before maturity. account.
10. NOMINATION c. In case, the non-resident depositors are companies, firm, societies or trusts or other
corporate bodies, they shall furnish a certificate in duplicate in the prescribed form duly
a. Individual depositors can singly or jointly nominate other person under this facility.
signed by an Overseas Auditor. Chartered Accountant / Certified Public Accountant
The nominee shall be recognised as the holder of the title to the public deposit on the
showing that the overseas body is owned either directly or indirectly by Non-resident
death of all the depositors. Power of Attorney holder or a guardian applying on behalf
individuals of Indian origin / Nationality to extent of atleast 60%. The ownership up to 60%
of minor cannot nominate. In case the deposit is placed in the name of minor the
should continue till the maturity of the deposits.
nomination can be made only in a person lawfully entitled to act on behalf of the minor.
Depositors are advised to provide the specimen signature of the nominee to expedite d. NRI Deposits are accepted subject to the specific understanding that the maturity Value of
the pre-closure of deposits to the nominee in the event of demise of the depositors. deposit and the interest thereon will not be repatriated outside India.
The payment by the Corporation to the nominee shall constitute full discharge to the e. NRI Deposits are accepted for maximum period of 36 months.
Company of its liability in respect of the deposit.

12