Documents Required to Open NRE / NRO, Savings / PIS Account

Transcription

1 Documents Required to Open NRE / NRO, Savings / PIS Account ALL ACCOUNT OPENING DOCUMENTS ( INCLUDING ORIGINAL) NEEDS TO BE SELF ATTESTED) You woud need to forward beow mentioned documents aong with Account Opening forms : Passport size Photograph signed across the face. The Initia payment cheque/draft shoud be favoring HDFC BANK A/c (Customer's Name) The Cheque for the initia payment shoud be amounting Rs. 15,000/- from your sef NRE/NRO account or a draft of Rs 15000/- made out of your sef NRE/NRO account (has to be submitted aong with the Letter from the bank confirming the Draft is issued from your sef account) Foreign currency cheque amounting to equivaent INR 15000/- issued from your sef overseas bank or Indian Rupees draft purchased abroad & the Initia pay shoud be favoring HDFC BANK A/c; (Customer's Name) (has to be submitted aong with acknowedgment sip copy /advice ceary showing that the DD was purchased by the customer himsef shoud be attached or the Letter from the bank confirming the Draft is issued from customer's sef account). In case there is no remitter name proof (ike acknowedgement copy) for Intia Payin draft/cheque then an origina bank statement(not more than three months od, attested by the customer) from the customer s account either overseas or in India has to be submitted sef attested.in such cases a customer decaration needs to be coected stating the remitter s name. [Average Monthy Baance requirement is Rs. 10,000/- in NRE and NROSB Account Photocopy of passport -sef attested Photocopy of vaid visa / work permit -sef attested Pan Card copy (Mandatory for NRE PIS/NRO PIS accounts-sef attested ) Address proof -sef attested. Ateast one document provided has to be in Engish apart from passport In case if the customer does not visit the branch (Non Face to Face Case) to open these accounts then a photocopies of documents to be attested by customer himsef and to be attested by Indian Embassy or by Notary or by Banker overseas. Optionay Customers residing in FATF (Financia Acitve Task Force) countries (List attached at the end of this documents) who are unabe to attest the documents as above have the option of submitting an additiona document (as per ist provided in option C in this document to be obtained ) aong with the prescribed documents sef-attested In case of non face-to-face account opening for customers from Non FATF countries, a the documents shoud be attested by Indian Embassy or by Notary Documents accepted as Address Proof:- One document wi be obtained from the first appicant confirming either the maiing or overseas address. The address on the document has to match the address mentioned in the appication form. The ist of documents that wi be acceptabe as address proofs are:

2 A. Overseas Address (Any one) : sef attested 1.Photocopy of vaid passport mentioning the overseas address 2.Photocopy of utiity bi not more than 3 months od 3.Photocopy of overseas bank statement not more than 3 months od 4.Photocopy of vaid driving icense 5.Photocopy of Government issued ID Card 6.Photocopy of credit card bi not more than 3 months od 7.Photocopy of ease agreement / rent receipt (not more than 3 months od) 8.Photocopy of appointment etter 9.Photocopy of company ID card with address 10.Origina etter issued by the company for the purpose of account opening on its etterhead 11.Photocopy of bank statement or passbook of a NRI account with another bank 12.Proof of address of the sponsor aong with proof of reationship of the primary appicant with the sponsor 13.copy of PIO/OCI Card B. Indian Address as maiing address (Any one): sef attested 1.Photocopy of vaid passport mentioning the Indian address 2.Permanent Driving icense that is not expired 3.Photocopy of teephone bi of private & pubic operators (e.g. MTNL, BSNL, Reiance, Airte & Tata Indicom) not exceeding 2 months prior to date of account opening 4.Photocopy of eectricity bi not exceeding 2 months prior to date of account opening 5.Photocopy of Bank pass book or Bank account statement not exceeding 3 months prior to date of account opening 6.Photocopy of Ration card 7.Photocopy of Eection card / Voters ID (if it has address) 8.Letter from the society (ony Registered societies) - on the etterhead, which carries the society's Registration No. The etter shoud carry the appicant's name & fu address as we as the signatories fu name, designation (Secretary, President) and address. 9.Photocopy of monthy outgoings bi from Registered Housing society - on the etterhead which carries the society's Registration No. (Maintenance charges receipt issued by the society NOT acceptabe) 10.Photocopy of tite deeds of the property duy registered and stamped 11.Photocopy of Lease deed/rent agreement copy duy stamped 12.Photocopy of Senior citizens card from Indian Raiways/Indian Airines (if it has address) 13.Photocopy of mobie post paid bi Airte, Hutch, BSNL, Idea Ceuar, etc. 14.Letter from any recognized pubic authority (In origina) In case of Non Face to Face NRI Account opening, one additiona document wi be obtained for a appicants. C. List of Additiona documents (Any one): sef attested The foowing documents wi be accepted as additiona document in case of Non Face to Face accounts: 1.A cheque drawn on a bank account abroad incuding IP cheque 2.Any canceed paid cheque in origina drawn on a bank abroad showing the signature, bank name, account number etc. 3.Photocopy of overseas / Indian bank statement not more than 3 months od 4.Photocopy of utiity bi not more than 3 months od 5.Photocopy of ID card ike drivers icense, empoyee ID card, abour card 6.Photocopy of oca government ID card 7.Origina Letter from the empoyer issued for the purpose of opening of this account 8.Copy of appointment etter issued by the overseas empoyer for the empoyment overseas 9.Photocopy of credit card statement not more than 3 months od

3 10.Copy of ease / renta agreement / rent receipt (not more than 3 months od) 11.Letter from university abroad (in case of NRI Students) FATF Country List The FATF currenty comprises 33 member jurisdictions and 2 regiona organizations, representing most major financia centres in a parts of the gobe. List of FATF countries Greece Repubic of Korea Argentina Hong Kong, China Russian Federation Austraia Iceand Singapore Austria Ireand South Africa Begium Itay Spain Brazi Japan Sweden Canada Kingdom of the Netherands* Switzerand China Luxembourg Turkey Denmark Mexico United Kingdom European Commission Finand New Zeaand United States France Norway India Germany Portuga Guf Co-operation Counci (UAE, Kuwait, Bahrain, Qatar, Oman, Saudi Arabia) Important Points to be noted whie submitting the Account opening form In case if the NRE/NRO A/C is getting opened with zero payin then origina bank statement sef attested has to be submitted (Mandatory) In case of soe account,nomination form (DA1) compusory for each account. Name and the Signature on Account opening form shoud be same as passport.(in case if signature differs then change of signature decaration shoud be attached) In case of foreign passport having pace of birth not India then PIO/OCI card needs to be submitted. PIO Decaration can be given In ieu of PIO/OCI card In case if any of the document is Non Engish anguage then Non Engish decaration to be submitted (Fied in by the customer himsef) Not more than one document can be accepted in Non Engish Language) Emai address of a the customers is mandatory Indian address is mandatory to be fied in the Account opening form (address proof of the same is not mandatory) In case of face to face and if the second hoder does not have any address proof then both hoders can sign Joint appicant decaration and cose reative decaration aong with the documents of the decarant

4 HDFC BANK LTD, NRI Centre, , Tusiani Chambers, Free Press Journa Road,Nariman Point, Mumbai India Te.: /96/97 Fax No:

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11 (In case of joint appicant this decaration to be signed by a the hoders-mandatory) Annexure 1 - Address of Joint Appicants Account Opening Form No For Reguar Accounts ACCOUNT NUMBER For Instant Accounts Address of the Second Appicant is the same as that of the Primary Appicant Yes No ( Pease fi the beow form) Address of the Third Appicant is the same as that of the Primary Appicant Yes No ( Pease fi the beow form) Form to be fied ony if the joint appicant's address is NOT the same as that of the primary appicant. Pease attach Address proof as per the KYC Poicy 2nd Appicant PREFIX FULL NAME MAILING ADDRESS Fat No/Bdg Name Road Name Landmark City PIN Code State Country Te (off) Ext No STD Code Te (R ) Fax No Mobie No Emai id 3rd Appicant PREFIX FULL NAME MAILING ADDRESS Fat No/Bdg Name Road Name Landmark City PIN Code State Country Te (off) Ext No STD Code Te (R ) Fax No Mobie No Emai id Signature of the 1 st Appicant Signature of the 2 nd Appicant Signature of the 3 rd Appicant Name Name Name FOR CPU USE ONLY ACCOUNT NUMBER CUSTOMER ID - 2nd Appicant CUSTOMER ID - 3rd Appicant ADDRESS UPDATE IN FINWARE ON DATE Signature :

12 APPLICATION FOR PORTFOLIO INVESTMENT SCHEME (NRE) Date: Broker's name : The Manager NRI and PIS Services Customer's PAN : HDFC Bank branch. Dear Sir, Ref: Appication for permission to dea in shares in secondary market under the Portfoio Investment Scheme (PIS) We hereby appoint HDFC Bank as a Designated Bank for PIS. We hereby advise that we have read and understood the terms and conditions as specified under the portfoio Investment Scheme and hereby decare that we agree to compy with a statutory formaities under the PIS scheme from time to time. We confirm that as on date, we do not hod PIS PERMISSION (Repatriabe as we as non repatriabe) with any other bank. We hereby agree: The faciity is avaiabe ony to customers maintaining their PIS account with designated branches of HDFC Bank I/We agree that if the PIS account/pis Permission is transferred from any other bank to HDFC Bank, then I/We sha furnish a No Objection Certificate from my/our present banker aong with a hoding statement (having detais of scrip name, date of purchase, cost of purchase, quantity) as specified by HDFC Bank aong with a atest copy of the Demat Statement of securities. To dea with ony one designated branch at any given point of time for PIS. A transactions under PIS wi be routed through designated branch ony. That both the NRE and NRO PIS accounts and PIS PERMISSION wi be hed with ony one bank at any given point in time. The NRE/ NRO PIS account wi not be used to route any other transactions besides transactions reated to the purchase and sae of shares. A routine transactions, Demat charges, dividend warrants etc wi be routed through the reguar NRE/NRO savings account (NON-PIS savings account) hed with the bank. To submit the compete detais of a shares hed by me which was purchased from the Primary market as a non resident or from the primary / secondary market prior to becoming a non resident in the formats as specified by the bank. To do ony deivery based transactions and not induge in specuative transactions. To purchase and se shares of an Indian company, through registered broker on a recognized stock exchange. To pace purchase orders ony if the Bank can earmark sufficient baance covering the purchase consideration of securities and other appicabe charges in cient's Bank account. To report to the Bank a transactions done directy through stockbrokers within 48 hours after trade, by submitting origina broker contract notes to PIS designated branch ony where PIS account is maintained. Detais ike, PIS Permission number, PIS account, purchase payments (cheque no, date of cheque, gross amount of purchase) wi be mentioned on purchase contract note. To mention PIS PERMISSION number on sae contract note. To report a purchase or sae of shares in the secondary market through the PIS account. To send detais to the Bank of a payments made to the stock broker on account of purchase of securities aong with the detais of the securities purchased in the format prescribed or may be prescribed by the Bank from time to time.

13 Payments for shares/ receipts from the broker on account of sae of shares wi be made against the amounts specified on the bis and no adjustment of purchases against sae transactions wi be done even if various sae and purchase transactions are doing during the same period. To deposit a payment instruments (cheque/dd etc) received from a stockbroker on account of sae of securities for crediting in appropriate account aong with compete detais and the bis at PIS designated branch where PIS account is maintained. The purchase of equity shares/convertibe debentures in each company with repatriation and non repatriation benefits sha not exceed 5 % (or as prescribed by Reserve Bank of India from time to time) of the paid up capita of the company, subject to an overa ceiing of 10 % (or as prescribed by Reserve Bank of India from time to time) A consequences of faiure in such compiance, incuding any osses arising out of reversa of transactions sha be to our account. The bank wi recover its fees /charges appicabe for PIS by the debit to the NRE/NRO savings (non-pis) account hed. The bank wi deduct capita gains tax as appicabe on each transaction and the sae proceeds net of tax wi be credited to the designated account within 48 working hours after receipt of cear funds from broking firm. To submit the CA certificate and undertaking as per the formats specified under PIS aong with net sae proceeds of shares in case I/We are arranging to PIS capita gains separatey through our chartered accountant. To aow the Bank to cacuate the Capita Gains Tax on transactions done through HDFC securities. The Bank wi be abe to set off osses against capita gains on equity shares ony. The benefit of set off of osses is avaiabe per contract note basis (i-e: osses made in one contract note can be set off against the gains made on that contract note ony. The bank wi report purchase and sae contract notes on FIFO basis and compute capita gain tax accordingy, even if trades have been executed through mutipe brokers. In case I se shares some of which beong to PIS and others to Non PIS account, a the sae proceeds after the deduction of TDS wi be credited to the PIS account. Tax deducted at source by the bank wi not be on exchange rate adjustment. The sae made wi be adjusted on First In First Out basis (FIFO) at the PIS permission eve (for eg: if a customer has mutipe Demat accounts-- FIFO wi be appied across them whie cacuating capita gains) for the purpose of cacuating capita gains. The bank wi not undertake any foow up for deiveries of any shares purchased by us. The bank wi not undertake monitoring and foow up of corporate actions associated with any hodings of the account hoder. To ensure before pacing / conveying Sae orders that I/We actuay hod free shares (shares pending Demat or ocked /pedge are not free shares). Not to make any contract for sae either directy through a stockbroker or through the Bank in respect of any securities, which the cient has not taken deivery of. Shares purchased in the primary market, shares under corporate action, and during resident tenor are not to be considered under the PIS scheme. Therefore any saes proceeds pertaining to NON PIS Scheme wi be credited directy into your NON -PIS account. However, in case the sae contract consist of PIS as we non PIS shares, then the sae proceeds wi be credited to PIS account ony. In case of a deay or defaut in providing detais pertaining to shares within the prescribed time, I/we sha be soey responsibe for the foowing consequences: Any impact on FIFO method of capita gains computation for such transactions and/or subsequent transactions

14 Any deay in credit to my PIS/Savings Bank account. In case I/We are unabe to provide documentary evidence that the shares were bought from the NRE accounts to the satisfaction of the Bank, the saes proceeds wi be credited to my Non Repatriabe Account ( NRO) or sha be kept on hod by the Bank ti the required detais are submitted by me. I/We sha not purchase Banned/Cautioned scrips that are prohibited by RBI. In case of defaut, I/We sha arrange to se the same immediatey and osses and appicabe charges, if any, on account of such transactions wi be borne by me/us and I/we sha be responsibe for ega consequences, if any. Further, the First in First out (FIFO) method of Capita Gain computation sha be affected and accordingy Tax sha be deducted at source. I/We agree to adhere to the RBI guideines and restrictions on purchase of shares (Banned / Caution) and sha refer RBI website before deaing on recognized stock exchange (check site I/We sha intimate the bank about any change in the status of security hodings on account of Corporate Actions or otherwise (IPO/FPO, Rights, Buy Back, ESOP, Inheritance, Gift, off-market transactions etc.,) to faciitate proper reporting under NRE/NRO PIS to RBI and Capita Gain computations as per the Income Tax Act, As an NRI /PIO, under PIS faciity I/we wi not invest in any company which is engaged or proposes to engage in the foowing activities (i)business of chit fund, or ii) Nidhi company, or ( iii) Agricutura or pantation activities, or (iv) Rea estate business* or construction of farm houses, or (v) Trading in Transferabe Deveopment Rights (TDRs).[* Rea estate business" does not incude construction of housing / commercia premises, educationa institutions, recreationa faciities, city and regiona eve infrastructure, townships]. In case I wish to avai of DTAA benefit; I wi submit the required documents in the beginning of every financia year. Any changes such as a change in the residentia status/name/address/emai ID/teephone numbers/contact person etc, in any of my Accounts sha be intimated to the Bank Immediatey. The Bank sha compy with instructions and procedures as aid down by Reguatory Authorities for PIS from time to time. I /We sha indemnify and hod harmess the Bank against any direct osses costs or caims which Bank might incur/suffer as a resut under PIS. I/We specificay agree to hod the Bank harmess from any and a caims and agree that the Bank sha not be iabe for any oss, actua or perceived, caused directy or indirecty by equipment faiure, communication ine faiure, system faiure, Internet faiure, securities faiure on the Internet, unauthorized access or any other probem technoogica or otherwise, that might prevent the cient from executing or the Bank from executing an order or other conditions beyond Bank's contro. Yours Sincerey, First Appicant Second Appicant Third Appicant

15 FEE SCHEDULE FOR PORTFOLIO INVESTMENT SCHEME NRI CUSTOMERS Sr No Fee Head Fees * 1 PIS approva issuance fee ( one time fee) Rs Annua account maintenance fee Rs PIS Reporting Charges Purchase Sae Purchase / Sae on same contract Processing of sae proceeds purchased through Secondary market under PIS - Transaction Fees Rs.100 per contract Rs.100 per contract Rs.200 per contract - Transaction vaue unto Rs Rs Transaction vaue between Rs to Rs Rs Transaction vaue above Rs Rs Processing of sae proceeds purchased through Primary market as a resident / non-resident / inherited (by a customer registered for PIS) - Transaction vaue unto Rs Rs Transaction vaue between Rs to Rs Rs Transaction vaue above Rs Rs Processing of sae proceeds purchased through Primary market (customer not registered for PIS). * Pus Service tax and education cess as appicabe. Rs Charges/ service standards are subject to revision at the Bank's soe discretion and as informed by circuars sent by ordinary post 2. Account Maintenance fees are non refundabe and evied on a financia year basis. 3. Fees for issuing approvas and annua account maintenance fee wi be debited annuay, whie the fees for processing the sae proceeds wi be debited each time the transaction is processed. 4. A fees wi be debited to the designated savings account. 5. The above charges are independent of the Demat account charges and the brokers fees I / We have accepted the above schedue of charges. Sign 1st Appicant 2nd Appicant 3rd Appicant (To be signed by a hoders and submitted aong with the PIS appication form)

16 RPI (To be submitted to designated branch of an authorised deaer) Appication from Non-Resident individuas of Indian Nationaity or origin (NRIs) for purchase of eigibe through stock exchange/s in India with repatriation benefits 1 Particuars of the Appicant: I Fu Name 1st Hoder 2nd Hoder 3rd Hoder II Overseas Address II I IV Nationaity Detais of Current Passport: a. Passport No. b. Pace and Date of Issue c. Issued by d. Country of residence as stated in the passport e. Country of birth V VI VII VIII If the appicant is not a citizen of India, the basis on which he/she caims to be a person of Indian Origin (Pease see footnote) Whether resident outside India permanenty; if not, since when residing abroad. Occupation (empoyment, business, vocation, etc) Reationship with other joint hoders 2 Detais of bank account with HDFC Bank td

17 I NRE non PIS SB account Number II NRE PIS SB account Number with PIS designated branch 3 Whether the NRI appicant aready hods any eigibe securities acquired through Primary market with benefit of repatriation.if so,pease attach a compete ist of such shares/convertibe debentures indicating the name and address of the company,tota number and face vaue of the shares/convertibe debentures hed aong with reference number and date of RBI approva. (Format of Annexure 1 attached) I/We soemny decare that the particuars given above are true and correct to the best of my/our knowedge and beief and that I/we am/are citizen(s) of India/person of Indian origin. I/We hereby undertake that I/we have no deaing/wi not dea with any other designated branch/bank under PIS. I/We agree and undertake to ensure that my/our tota hoding of equity/preference shares/convertibe debentures in any one Indian company that may be aowed to be purchased through stock exchange/s (incuding the equity/preference shares/convertibe debentures aready hed, if any, in that company) with repatriation benefits/non repatriate sha, at no time, exceed five per cent of the paid-up capita/paid-up vaue of each series of convertibe debentures of that company. Pace: Date: (Signature of the first hoder) (Signature of second hoder) (Signature of third The eigibe securities wi incude shares/debentures/bonds of Indian companies,govt.securities (other than bearer securities)/treasury bis/units of pubic sector/private sector mutua fund scheme incuding units of UTI. Note :For the purpose of the faciity of investment in shares and securities, a person (not being a citizen of Pakistan or Bangadesh) sha be deemed to be of Indian Origin, if (a) he,at any time, hed Indian Passport or (b) he or either of his parents or any of his grandparents was an Indian and a permanent resident in undivided India at any time. A spouse (not being citizen of Pakistan or Bangadesh) of a citizen of India or of a person of Indian origin wi so be deemed to be Indian Origin even thought she may be of non-indian origin.

18 ANNEXURE I FOR SHARES PURCHASED THROUGH PRIMARY MARKET AS AN NRI ON REPATRIABLE BASIS (NRE SHARES) No of shares Date of purchase (Date/Month/Year) Face Vaue/ Acquisition price RBI Approva number Account Hoder's Signature Name of the Account hoders ( ) ( ) ) *** Pease attach a Demat atest hoding copy if any shares to be reported in the above annexure aong with the repatriation proof.

19 APPLICATION FOR PORTFOLIO INVESTMENT SCHEME (NRO) Date: Broker's name : The Manager NRI and PIS Services Customer's PAN : HDFC Bank branch. Dear Sir, Ref: Appication for permission to dea in shares in secondary market under the Portfoio Investment Scheme (PIS) We hereby appoint HDFC Bank as a Designated Bank for PIS. We hereby advise that we have read and understood the terms and conditions as specified under the portfoio Investment Scheme and hereby decare that we agree to compy with a statutory formaities under the PIS scheme from time to time. We confirm that as on date, we do not hod PIS PERMISSION (Repatriabe as we as non repatriabe) with any other bank. We hereby agree: The faciity is avaiabe ony to customers maintaining their PIS account with designated branches of HDFC Bank I/We agree that if the PIS account/pis Permission is transferred from any other bank to HDFC Bank, then I/We sha furnish a No Objection Certificate from my/our present banker aong with a hoding statement (having detais of scrip name, date of purchase, cost of purchase, quantity) as specified by HDFC Bank aong with a atest copy of the Demat Statement of securities. To dea with ony one designated branch at any given point of time for PIS. A transactions under PIS wi be routed through designated branch ony. That both the NRE and NRO PIS accounts and PIS PERMISSION wi be hed with ony one bank at any given point in time. The NRE/ NRO PIS account wi not be used to route any other transactions besides transactions reated to the purchase and sae of shares. A routine transactions, Demat charges, dividend warrants etc wi be routed through the reguar NRE/NRO savings account (NON-PIS savings account) hed with the bank. To submit the compete detais of a shares hed by me which was purchased from the Primary market as a non resident or from the primary / secondary market prior to becoming a non resident in the formats as specified by the bank. To do ony deivery based transactions and not induge in specuative transactions. To purchase and se shares of an Indian company, thorugh registered broker on a recognized stock exchange. To pace purchase orders ony if the Bank can earmark sufficient baance covering the purchase consideration of securities and other appicabe charges in cient's Bank account. To report to the Bank a transactions done directy through stockbrokers within 48 hours after trade, by submitting origina broker contract notes to PIS designated branch ony where PIS account is maintained. Detais ike, PIS Permission number, PIS account, purchase payments (cheuqe no, date of cheque, gross amount of purchase) wi be mentioned on purchase contract note. To mention PIS PERMISSION number on sae contract note. To report a purchase or sae of shares in the secondary market through the PIS account. To send detais to the Bank of a payments made to the stock broker on account of purchase of securities aong with the detais of the securities purchased in the format prescribed or may be prescribed by the Bank from time to time. Payments for shares/ receipts from the broker on account of sae of shares wi be made against the amounts specified on the bis and no adjustment of purchases against sae transactions wi be done even if various sae and purchase transactions are doing during the same period.

20 To deposit a payment instruments (Cheque/DD etc) received from a stockbroker on account of sae of securities for crediting in appropriate account aong with compete detais and the bis at PIS designated branch where PIS account is maintained. The purchase of equity shares/convertibe debentures in each company with repatriation and non repatriation benefits sha not exceed 5 % (or as prescribed by Reserve Bank of India from time to time) of the paid up capita of the company, subject to an overa ceiing of 10 % (or as prescribed by Reserve Bank of India from time to time) A consequences of faiure in such compiance, incuding any osses arising out of reversa of transactions sha be to our account. The bank wi recover its fees /charges appicabe for PIS by the debit to the NRE/NRO savings (non-pis) account hed. The bank wi deduct capita gains tax as appicabe on each transaction and the sae proceeds net of tax wi be credited to the designated account within 48 working hours after receipt of cear funds from broking firm. To submit the CA certificate and undertaking as per the formats specified under PIS aong with net sae proceeds of shares incase I/We are arranging to PIS capita gains separatey through our chartered accountant. To aow the Bank to cacuate the Capita Gains Tax on transactions done through HDFC securities. The Bank wi be abe to set off osses against capita gains on equity shares ony. The benefit of set off of osses is avaiabe per contract note basis (i-e: osses made in one contract note can be set off against the gains made on that contract note ony. The bank wi report purchase and sae contract notes on FIFO basis and compute capita gain tax accordingy, even if trades have been executed through mutipe brokers. Incase I se shares some of which beong to PIS and others to Non PIS account, a the sae proceeds after the deduction of TDS wi be credited to the PIS account. Tax deducted at source by the bank wi not be on exchange rate adjustment. The sae made wi be adjusted on First In First Out basis (FIFO) at the PIS permission eve (for eg: if a customer has mutipe Demat accounts-- FIFO wi be appied across them whie cacuating capita gains) for the purpose of cacuating capita gains. The bank wi not undertake any foow up for deiveries of any shares purchased by us. The bank wi not undertake monitoring and foow up of corporate actions associated with any hodings of the account hoder. To ensure before pacing / conveying Sae orders that I/We actuay hod free shares (shares pending demat or ocked /pedge are not free shares). Not to make any contract for sae either directy through a stockbroker or through the Bank in respect of any securities, which the cient has not taken deivery of. Shares purchased in the primary market, shares under corporate action, and during resident tenor are not to be considered under the PIS scheme. Therefore any saes proceeds pertaining to NON PIS Scheme wi be credited directy into your NON -PIS account. However, in case the sae contract consist of PIS as we non PIS shares, then the sae proceeds wi be credited to PIS account ony. Incase of a deay or defaut in providing detais pertaining to shares within the prescribed time, I/we sha be soey responsibe for the foowing consequences: Any impact on FIFO method of capita gains computation for such transactions and/or subsequent transactions Any deay in credit to my PIS/Savings Bank account. In case I/We are unabe to provide documentary evidence that the shares were bought from the NRE accounts to the satisfaction of the Bank, the saes proceeds wi be credited to my Non Repatriabe Account ( NRO) or sha be kept on hod by the Bank ti the required detais are submitted by me.

21 I/We sha not purchase Banned/Cautioned scrips that are prohibited by RBI. In case of defaut, I/We sha arrange to se the same immediatey and osses and appicabe charges, if any, on account of such transactions wi be borne by me/us and I/we sha be responsibe for ega consequences, if any. Further, the First in First out (FIFO) method of Capita Gain computation sha be affected and accordingy Tax sha be deducted at source. I/We agree to adhere to the RBI guideines and restrictions on purchase of shares (Banned / Caution) and sha refer RBI website before deaing on recognized stock exchange (check site I/We sha intimate the bank about any change in the status of security hodings on account of Corporate Actions or otherwise (IPO/FPO, Rights, Buy Back, ESOP, Inheritance, Gift, off-market transactions etc.,) to faciitate proper reporting under NRE/NRO PIS to RBI and Capita Gain computations as per the Income Tax Act, As an NRI /PIO, under PIS faciity I/we wi not invest in any company which is engaged or proposes to engage in the foowing activities (i)business of chit fund, or ii) Nidhi company, or ( iii) Agricutura or pantation activities,or (iv) Rea estate business* or construction of farm houses,or (v) Trading in Transferabe Deveopment Rights (TDRs).[* Rea estate business" does not incude construction of housing / commercia premises,educationa institutions,recreationa faciities, city and regiona eve infrastructure, townships]. In case I wish to avai of DTAA benefit; I wi submit the required documents in the beginning of every financia year. Any changes such as a change in the residentia status/name/address/emai ID/teephone numbers/contact person etc, in any of my Accounts sha be intimated to the Bank Immediatey. The Bank sha compy with instructions and procedures as aid down by Reguatory Authorities for PIS from time to time. I /We sha indemnify and hod harmess the Bank against any direct osses costs or caims which Bank might incur/suffer as a resut under PIS. I/We specificay agree to hod the Bank harmess from any and a caims and agree that the Bank sha not be iabe for any oss, actua or perceived, caused directy or indirecty by equipment faiure, communication ine faiure, system faiure, Internet faiure, securities faiure on the Internet, unauthorized access or any other probem technoogica or otherwise, that might prevent the cient from executing or the Bank from executing an order or other conditions beyond Bank's contro. Yours Sincerey, First Appicant Second Appicant Third Appicant

22 FEE SCHEDULE FOR PORTFOLIO INVESTMENT SCHEME NRI CUSTOMERS Sr No Fee Head Fees * 1 PIS approva issuance fee ( one time fee) Rs Annua account maintenance fee Rs PIS Reporting Charges Purchase Sae Rs.100 per contract Rs.100 per contract Purchase / Sae on same contract Processing of sae proceeds purchased through Secondary market under PIS - Transaction Fees Rs.200 per contract - Transaction vaue upto Rs Rs Transaction vaue between Rs to Rs Rs Transaction vaue above Rs Rs Processing of sae proceeds purchased through Primary market as a resident / non-resident / inherited (by a customer registered for PIS) - Transaction vaue upto Rs Rs Transaction vaue between Rs to Rs Rs Transaction vaue above Rs Rs Processing of sae proceeds purchased through Primary market (customer not registered for PIS). Rs * Pus service tax and education cess as appicabe 1. Charges/ service standards are subject to revision at the Bank's soe discretion and as informed by circuars sent by ordinary post 2. Account Maintenance fees are non refundabe and evied on a financia year basis. 3. Fees for issuing approvas and annua account maintenance fee wi be debited annuay, whie the fees for processing the sae proceeds wi be debited each time the transaction is processed. 4. A fees wi be debited to the designated savings account. 5. The above charges are independent of the demat account charges and the brokers fees I / We have accepted the above schedue of charges. Sign 1 st Appicant 2 nd Appicant 3 rd Appicant (To be signed by a hoders and submitted aongwith the PIS appication form)

23 NRI (To be submitted to designated branch of an Authorised Deaer) Appication from Non-Resident individuas of Indian Nationaity or origin (NRIs) for purchase of eigibe through stock exchange /s in India without repatriation benefits 1st Hoder 2nd Hoder 3rd Hoder 1 Particuars of the Appicant: (i) Fu Name (ii) Overseas Address* (iii) *(Loca address may be given if second,third hoder is resident in India) Nationaity (iv) (v) (vi) (vii) (viii) 2. (a) (b) (c) (d) (e) Detais of Current Passport: Passport Number Pace and Date of Issue Issued by Country of residence as stated in the passport Country of birth If the appicant is not a citizen of India, the basis on which he/she caims to be a person of Indian Origin (Pease see footnote) Whether resident outside India permanenty; if not, since when residing abroad. Occupation (empoyment business,vocation etc Reationship with other joint hoders Detais of Bank account with HDFC Bank 1st Hoder 2nd Hoder 3rd Hoder (i) (ii) NRO non PIS SB account Number NRO PIS SB account Number with PIS designated branch

24 Whether the NRI appicant aready hods any eigibe securities acquired through Primary market with benefit of non repatriation or acquired as a resident Indian during resident tenure. If so,pease attach a compete ist of such shares/convertibe debentures indicating the name and address of the company,tota number and face vaue or acquisition price of the shares/convertibe debentures hed. (Format of Annexure II and III is attached) (1) I/We soemny decare that the particuars given above are true and correct to the best of my/our knowedge and beief that I/we am/are citizen(s) of India/person of Indian origin. (2) I/We hereby undertake that I/We have no deaing/wi not dea with any other designated branch/bank under PIS (3) I/We agree and undertake to ensure that my/our tota hoding of equity/preference shares/convertibe debentures in any one Indian company that may be aowed to be purchased through stock exchange/s (incuding the equity/preference shares/convertibe debentures aready hed, if any, in that company) with repatriation benefits / non repatriation sha, at no time, exceed five per cent of the paid-up capita/paid-up vaue of each series of convertibe debentures of that company. Pace: (Signature of the 1 st appicant) Date: (Signature of the 2 nd appicant) (Signature of the 3 rd The eigibe securities wi incude shares/debentures/bonds of Indian companies, Govt.securities (other than bearer securities),treasury bis/units of pubic sector/private sector Mutua Fund scheme incuding units of UTI. Note : For the purpose of the faciity of investment in share and securities,a person (not being a citizen of Pakistan or Bangadesh) sha be deemed to be of 'Indian origin' if (a) he,at any time,hed Indian passport,or (b) he or either of his parents or any of his grandparents was an Indian and a permanent resident in undivided India at any time.a spouse (not being a citizen of Pakistan or Bangadesh) of a citizen of India or of a person of Indian origin wi so be deemed to be of Indian origin even though she may be of non Indian origin.

25 ANNEXURE II FOR SHARES PURCHASED THROUGH PRIMARY MARKET AS AN NRI ON NON-REPATRIABLE BASIS (NRO SHARES) Company No of shares Date of purchase (Date / Month / Year) Face Vaue/ Acquisition price Account Hoder's Signature Name of the Account hoders( )( ) ) *** Pease attach a Latest Demat hoding copy if any shares to be reported in the above annexure

26 ANNEXURE III FOR SHARES PURCHASED THROUGH PRIMARY MARKET AND SECONDARY MARKET DURING RESIDENT STATUS OR RECEIVED IN INHERITTANCE Company No of shares Date of purchase (Date/Month/Year) Face Vaue/ Acquisition price Detais of Brokers Contract (if any) Account Hoder's Signature Name of the Account hoders( )( ) ) *** Pease attach a atest Demat hoding copy if any shares to be reported in the above annexure

27 Customer undertaking for NR Savings Account opening with AMB of Rs. 10,000/- for Metro / Urban branches and Rs. 5,000/- for Semi-Urban / Rura branches (MOST IMPORTANT DOCUMENT) "I / We have understood that I / We am / are required to maintain an Average Monthy Baance of Rs. 10,000/- (for Metro / Urban branches) and Rs. 5,000/- (for Semi-Urban / Rura branches) for which the Bank woud provide PhoneBanking, NetBanking, MobieBanking and ATM Services Free of charge except where otherwise specified in the schedue of charges. I / We have aso understood that non maintenance of AMB wi attract the foowing charges For Urban / Metro branches: If AMB in the account is between Rs 5,000 to Rs 10,000 - Rs 250/- per month woud be evied If AMB is ess than Rs 5,000 - Rs 350/- per month woud be evied Semi-Urban / Rura If AMB in the account is between Rs 2,500 to Rs 5,000 - Rs 250/- per month woud be evied If AMB is ess than Rs 2,500 - Rs 350/- per month woud be evied a) Non maintenance charges / fees wi be evied without any further advice / notice and b) Other transaction charges wi be detaied in the schedue of charges I/We authorize the Bank to discose, from time to time any information reating to my savings account to any parent/subsidiary, affiiate and associate of HDFC Bank, and to third parties engaged by the Bank, for purposes as detaied in the Terms & Conditions mentioned on the website. I/We confirm that I/we have read the Terms & Conditions ( mentioned on the website), which detais the rues governing account operations and the Schedue of Service Charges, which specifies the charges appicabe for various services. Customer Signature 1 st A ppicant 2 nd Appicant 3 rd Appicant

28 LETTER TO BE OBTAINED FROM THE ACCOUNT HOLDERS FOR REGISTRATION OF POA AND SUBMITTED TO THE BANK AT THE TIME OF ONLINE PAYMENT GATEWAY REGISTRATION Date: From: To The Branch Manager, HDFC Bank Limited, Tusiani Branch. Dear Sir/Madam, Sub: Registration of Power of Attorney for onine payment gateway. I/We have entered into an agreement with M/S SHAREKHAN{Securities Trader} for avaiment of onine payment gateway. To faciitate banking transaction for onine payment gateway, I/We hereby confirm having granted a Power of Attorney (POA) in favor of HDFC Bank. Pease find encosed the origina POA for registration of our account with the M/S SHAREKHAN{Securities Trader} payment gateway set up as per detais given beow:- Trading ID/UDN No. {Securities Traders} Account Number {Securities Traders} Agency ID Sharekhan Ltd Sharekhan Ltd Sharekhan Ltd Sharekhan Ltd Name Bank Account No. Bank Cust ID Yours Faithfuy, Signature of the 1 st Hoder Signature of 2 nd Hoder Signature of 3 rd Hoder

29 Rs 300/- stamp paper POWER OF ATTORNEY TO ALL TO WHOM THESE PRESENTS SHALL COME I/WE,, ( the Joint Account Hoder/s ), having my / our address at, which expression sha, uness repugnant to the context or meaning hereof, be deemed to mean and incude my / our successors and assigns, SEND GREETINGS: WHEREAS: (a) (b) (hereinafter referred to as the Cient ) has entered into agreements / various agreements with (hereinafter referred to as the Securities Trader ), permitting the Securities Trader to enter into various transactions (hereinafter coectivey referred to as the Transactions ); For enabing the payment of funds and other reated matters in reation to the Transactions, the Cient has designated the bank account/s (hereinafter referred to as the Bank Account/s ) maintained with HDFC Bank Limited (hereinafter referred to as the Bank ) and as more particuary detaied in the Schedue hereunder written for the purposes of utiization for such Transactions; (c) The Securities Trader requires that as a condition for rendering its services to the Cient, the Cient aong with other joint hoder/ hoders of the Bank Account/s, provide an Irrevocabe Power of Attorney and Irrevocabe Instructions to the Bank, in the manner hereinafter. NOW KNOW YE ALL AND THESE PRESENTS WITNESS THAT, I/We, the Joint Account Hoders, do hereby irrevocaby nominate and appoint HDFC Bank Limited ( the Bank ), acting through any of its offices or empoyees or any sub-agents or deegates, to be my/our true and awfu agent and attorney for me/us and on my/our behaf and in my/our name from time to time to do and exercise or cause to be done and exercised a or any of the foowing acts, powers and authorities that is to say: 1. To bock, hod, and/or create/mark a ien, charge or hypothecation on one or more of the Bank Accounts on a or any of the money therein incuding in the interna systems of the Bank, as the Bank may deem fit. PROVIDED THAT the Bank sha exercise the said power and authority ony pursuant to instructions in that behaf given by the Cient which instructions may be given oray, over the teephone, through the internet, through a kiosk, eectronicay or in any other manner acceptabe to the Bank, and such instructions sha be deemed to have been given by a the Joint Account Hoders; and any recording or other record of such instructions by the Bank or the Securities Trader sha not be questioned by me/us and sha be concusive and binding against me/us. 2. Whether after a hod on the monies in the Bank Account/s or otherwise, and without any further instructions from a or any of the Joint Account Hoders (this writing constituting my/our instructions to do so) to transfer any money from any Bank Account/s to the Securities

30 Trader s Current Account or in such other manner in accordance with the instructions of the Securities Trader. 3. To sign, deiver, endorse and/or acknowedge a instructions, forms, cheques, drafts, sips, receipts and other instruments, contracts and writings which are required, necessary or advisabe for performing a or any of the powers or authorities hereby conferred and do a such acts as may be required for a or any of the above purposes or otherwise in connection with any instructions by the Cient and/or the Securities Trader pursuant to causes 1 and 2 above. 4. ADDITIONAL IRREVOCABLE INSTRUCTIONS I/We, the Joint Account Hoders, do hereby irrevocaby agree and decare that: (i) (ii) The Joint Account Hoders of the Bank Account/s sha not, without the Securities Trader s prior written consent, cose any Bank Account/s or directy or indirecty operate or give instructions in respect of any Bank Account/s which may prejudice the Securities Trader s rights or any power or authority exercisabe by the Bank. The Joint Account Hoders agree that: (a) If the Cient has given any bocking, hoding, debit or other instructions in respect of any money/funds in any Bank Account/s in connection with any Transaction entered into and/or to be entered into by the Cient with or through the Securities Trader and the Bank receives transfer, debit or other instructions in respect of such money/funds from any Joint Account Hoder or any other person, whether, pursuant to cheques (prior or subsequent) or otherwise, then the Bank sha, subject to sub-cause (d) beow, give first priority to the bock and the effect of the bock under this Power of Attorney. The Joint Account Hoders acknowedge that on giving of bocking, hoding, debit or other instructions in respect of any money/funds in any Bank Account/s as aforesaid, the monies/funds standing to the credit of the Bank Account/s sha be deemed to be reduced to the extent of such bock / hod /debit /transfer or other instruction. Instructions to bock, hod, debit or transfer once given by the Cient/ Security Trader to the Bank sha under no circumstances be revoked and the Bank sha not be bound by any subsequent instruction revoking such earier bock / hod /debit /transfer or other instructions. The portion of funds paced under such bock or hod sha be competey unavaiabe to the Joint Account Hoders during the period of such bock / hod for a or any purposes unti such funds are transferred and/or the bock / hod reeased on the instructions of the Securities Trader or unti expiry of the period of the bock / hod (which period may be determined by the Bank and intimated to the Cient from time to time). The Joint Account Hoders sha not be entited to issue any cheques / drafts or any other instruments or instructions reating to the utiization of the funds under such a hod/bock and in the event any such cheques/drafts or any other instruments or other instructions are received the Bank, the Bank is hereby expressy authorised and instructed to dishonour the same. (b) In the event of any instructions being provided to the Bank which woud in any manner prejudice any monies bocked by the Bank, the Bank sha at its option, be entited to transfer of its own accord the said bocked monies to the Securities Trader ( Forced Transfer ). The Bank sha not in any manner be responsibe or iabe for the consequences of such Forced Transfer incuding where such Forced Transfer resuts in a dishonour of cheque by the Bank or where despite such transfer, the corresponding

31 securities are not deivered to the Cient by the Securities Trader. (c) The Joint Account Hoders hereby indemnify and sha continue to indemnify and hod harmess the Bank from and against a or any actions, proceedings, caims, iabiities (incuding statutory iabiity), penaties, demands and costs (incuding without imitation, ega costs on a soicitor/attorney), awards, damages, osses and/or expenses, whether arising directy or indirecty as a resut of any dishonour of cheques/drafts or any other instruments or other instructions by the Bank as envisaged under sub-cause (a) above or any Forced Transfer as envisaged under sub-cause (b) above. (d) Any instructions received by the Bank with respect to the Bank Account/s sha at a times be subject to any overriding instructions of any court of aw or other statutory or reguatory authority and aso subject to Bank charges and Bank induced debits with respect to the Bank Account/s. (iii) In case of death, disabiity, winding up or iquidation of any Joint Account Hoder, the power of attorney, instructions and agreements contained herein sha not be revoked as regards such Joint Account Hoder on account thereof but sha continue to subsist and bind (and sha be deemed to have been given by) the heirs, executors, administrators, successors or ega representatives of such Joint Account Hoder, and the Bank and the Securities Trader (as the case may be) sha be entited to continue to act on the basis hereof. I/We the Joint Account Hoders, have hereunto set out our hands to this Irrevocabe Power of Attorney and Instructions at on the day of 20. (Joint Account Hoders) ACCEPTED BY : For HDFC BANK LIMITED BEFORE ME AUTHORISED SIGNATORY NOTARY PUBLIC

32 BANK ACCOUNT(S) DETAILS:- THE SCHEDULE HEREINABOVE REFERRED TO: (DESCRIPTION OF BANK ACCOUNTS) a) Customer ID b) Account No c) Account Type(NRE PIS) d) Maintained with branch of HDFC Bank Ltd. a) Customer ID b) Account No c) Account Type (NRE NON PIS) d) Maintained with branch of HDFC Bank Ltd. a) Customer ID b) Account No c) Account Type(NRO PIS ) d) Maintained with branch of HDFC Bank Ltd. a) Customer ID b) Account No c) Account Type(NRO NON PIS ) d) Maintained with branch of HDFC Bank Ltd. Detais of Account Hoder(s):- First Hoder Name * Constitution Address Second Hoder Name * Constitution Address Third Hoder Name * Constitution Address Fourth Hoder Name * Constitution Address * CONSTITUTION: Individua/ HUF/ Company/ Body corporate incorporated under the Companies Act, 1956/ a partnership firm registered under the Indian Partnership Act, 1932 comprising of as partners/ Others (pease specify)