After reviewing your application for a dual issue of FD, the banker issues you a double fixed receipt certificate, which is considered equivalent to the original proof. To request a double proof of a fixed deposit, you can ask your bank for an account statement with the amount and date of receipt, as well as how you lost receipt. If the bank is satisfied with your statement of account, it issues a duplicate. However, it may insist on a compensation obligation, accompanied by approved guarantees or a bank guarantee. The cost is unlikely to exceed Rs 200. Don`t forget to file a police complaint and publish a press release in the newspapers. If you don`t have relevant details, you should ask the bank to check the records. ”It`s a time-time process,” warns Suresh Surana, founder of RSM Astute Consulting. Text: Sakina Babwani, ET BureauImages: Getty ImagesWhat do you do if you lose an important document, be it the school registry newsletter, the deed of ownership or a bank deposit? It can be nightmarish because it can result in financial losses and, if it is an original document, be misused. Even the loss of seemingly insignificant documents such as school diplomas can be a dilemma. ”Business staff can insist on these documents while checking your background.
If you don`t have it, it can make it difficult for them to change jobs,” says Aakanksha Joshi, Senior Partner, Economic Laws Practice. The problem gets worse when it comes to larger securities such as real estate or equities. While the originals cannot be reproduced, appropriate measures can be taken to prevent fraud, says Rajesh Gupta, partner, SN Gupta and Co. Here`s what you can do to reduce your loss if you lose the following documents. In the case of an account obligation jointly held by two persons, the application or application for a dual FDR is submitted jointly by both parties. The compensation obligations are also carried out by the two co-owners. You can download the amount of compensation obligations for different banks here. Most banks such as State Bank of India (SBI), GNP, Canara Bank, Bank of India, Allahabad Bank, Icici Bank, Axis Bank, HDFC Bank, Bank of Baroda, UCO Bank, OBC, etc. offer the possibility of opening an investment account via Internet Banking.
You do not need to visit the bank branch and fill out the form, you can simply open and exchange the fixed deposit online via internet banking.
