Get the free Non Withdrawable Deposit Declaration

This document serves as a declaration for booking a non-withdrawable deposit without the facility of pre-closure at HDFC Bank, detailing the customer IDs, amount, and terms of the deposit.

How to fill out non withdrawable deposit declaration

How to fill out non withdrawable deposit declaration

1. Obtain the non-withdrawable deposit declaration form from the relevant authority.
2. Begin by entering your personal information, including your name, address, and contact details.
3. Specify the amount of the non-withdrawable deposit you are declaring.
4. Provide details of the originating account where the funds are held.
5. Include the purpose of the deposit and any relevant transaction information.
6. Read through the declaration to ensure all information is accurate and complete.
7. Sign and date the form to validate your declaration.
8. Submit the completed declaration form as instructed by the relevant authority.

Who needs non withdrawable deposit declaration?

1. Individuals opening a new bank account requiring a non-withdrawable deposit.
2. Businesses that need to declare non-withdrawable deposits for loan applications.
3. Investors making deposits for investment purposes that are designated as non-withdrawable.
4. Any person or entity required by law to declare non-withdrawable deposits for financial compliance.

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What is non withdrawable deposit declaration?

A non withdrawable deposit declaration is a formal statement made by a depositor indicating that the deposited funds cannot be withdrawn for a specified period of time.

Who is required to file non withdrawable deposit declaration?

Typically, financial institutions require individuals or businesses that maintain non withdrawable deposits to file this declaration.

How to fill out non withdrawable deposit declaration?

To fill out a non withdrawable deposit declaration, you need to provide details such as the account holder's information, the amount of the deposit, the duration of non-withdrawal, and any relevant signatures or documentation.

What is the purpose of non withdrawable deposit declaration?

The purpose of the non withdrawable deposit declaration is to ensure that the depositor acknowledges and agrees to the terms of non-withdrawal for the specified period, aiding the bank in managing its liquidity.

What information must be reported on non withdrawable deposit declaration?

The declaration must report information including the depositor's name, account number, deposit amount, start and end dates of the non withdrawable period, and any signatures required.