Recurring deposit account may be opened –
By a person in his / her own name OR
Jointly with other persons payable to any one or more of them or the survivor or survivors (Specific instructions in this regards to be given in writing at the time of opening the account)
By a natural guardian or a guardian appointed by a complete court, for a minor. In both the cases the guardian must declare the date of the minor & the date when the minor will attain majority.
Recurring Deposit Account will not be opened in the name of a blind person or in the name of firm, Company, Company, Corporation, Association, Club, Society etc.
Person intending to open an account must sign an application form nad give his/her speciman signature (or thum imperession in case illiterate person with pass port size attested photo) for record in presence of an official of the Bank and declare thet he/she has agreed to abide by the rules of conduct of the recurring Deposit account.