IDFC-FIRST-ETB-Demat-Account-Form V2

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Abridged Demat Account Opening Form by relying on existing Bank KYC

IDFC FIRST Bank Limited – (DP ID – IN304203)

Naman Chambers, C-32, G Block,

Bandra-Kurla Complex, Bandra East, Mumbai 400 051

My/our key details for opening NSDL depository account are given below:

First Holder Second Holder Third Holder

Self

Spouse

Dependant Parents

Dependant Children

Self

Spouse

Dependant Parents

Dependant Children

Self

Spouse

Dependant Parents

Dependant Children

Self

Spouse

Dependant Parents

Dependant Children

Self

Spouse

Dependant Parents

Dependant Children

Self

Spouse

Dependant Parents

Dependant Children

Below 1 Lakh

1-5 Lakhs

5-10 Lakhs

10-25 Lakhs

More than 25 Lakhs

Below 1 Lakh

1-5 Lakhs

5-10 Lakhs

10-25 Lakhs

More than 25 Lakhs

Below 1 Lakh

1-5 Lakhs

5-10 Lakhs

10-25 Lakhs

More than 25 Lakhs

Yes No

Ordinary Resident

Amount (`) Amount (`) Amount (`)

Politically Exposed

Person (PEP)

Related to a Politically

Exposed Person (PEP)

Politically Exposed

Person (PEP)

Related to a Politically

Exposed Person (PEP)

Politically Exposed

Person (PEP)

Related to a Politically

Exposed Person (PEP)

Yes No Yes No

Electronic Physical

Regular Demat Account BSDA Account

D D M M Y Y Y Y

Application Date:

I/We request you to open a NSDL depository account in IDFC FIRST Bank Limited in my/our name relying on the KYC provided

by me/us in my/our Savings Account/Current Account and I/We conﬁrm that there are no changes in the KYC. I/We also

authorise IDFC FIRST Bank Limited to debit recover charges pertaining to opening & maintenance of my/our IDFC FIRST Bank

Demat Account, transaction charges, or any other charges related to my/our IDFC FIRST Bank Demat Account from the below

mentioned IDFC FIRST Bank Limited Savings Account /Current Account held with _______________________________branch.

Customer ID

Name

Mode of receiving NSDL

Statement of Account/

Annual Reports

I wish to open:

Please tick if applicable

I hereby declare that the

Mobile No. belongs to:

Mobile No. Declaration

(Kindly tick relevant option)

SMS Alert Facility

Type of Account

Gross Annual Income

Networth as on today:

I hereby declare that

the Email ID belongs to:

Email ID Declaration

(Kindly tick relevant option)

For Joint accounts, communication to be sent to (Pls refer Point No.10 below)

First holder

All joint account holders

Mode of Operations for Joint Accounts

If Mode of Operation for Joint Account is chosen as anyone of the holder or survivor(s), only speciﬁed operations such

as transfer of securities including Inter-Depository Transfer, pledge / hypothecation / margin pledge / margin re-pledge

(creation, closure and invocation and conﬁrmation thereof as applicable) of securities and freeze/unfreeze of account

and / or securities and / or speciﬁc number of securities will be permitted.

Jointly

Anyone of the holder or survivor(s)

I/We authorise you to receive credits automatically into my/our demat account. Yes No

[Mandatory if you are giving

Power of Attorney (PoA)]

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DECLARATION

1. I/We hereby provide consent to link my/our Bank Account Number and capture my/our Father’s/Spouse Name, PAN(s),

DOB(s), Email ID(s) & Mobile No(s) & Signature(s) available in the above stated Bank Account to my Demat account.

2. The rules and regulations of the Depository and Depository Participants pertaining to an account which are in force now have

been read by me/us and I/we have understood the same and I/we agree to abide by and to be bound by the rules as are in force

from time to time for such accounts. I/we hereby declare that the details furnished above are true and correct to the best

of my/our knowledge and belief and I/we undertake to inform you of any changes therein, immediately. In case any of the above

information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

In case non-resident account, I/we also declare that I/we have complied and will continue to comply with FEMA regulations.

I/we acknowledge and declare that I/we have received, read, understood and agree to the contents of 1) Rights and Obligations

of the Beneﬁcial Owner and Depository Participant 2) Schedule of Charges applicable for Demat account.

3. Debit Authorisation: I/We hereby authorize the IDFC FIRST Bank Limited to debit all types of Bank charges/commission/fees

(“Service Charges”) payable by me/us to the said Accounts. I/We undertake that sucient balances

shall be maintained by me/us

in the said Accounts to facilitate the debiting of Service Charges. The failure on part of me/us to maintain sucient balance in the

said Account shall not in any way impair the right of the IDFC FIRST Bank Limited to debit the Service Charges. I/We hereby

further authorise the IDFC FIRST Bank Limited to charge any interest on debit balance in the said Accounts due to the debiting of

Service Charges, and/or recover the charges from any other account maintained by me/us with IDFC FIRST Bank Limited. The

IDFC FIRST Bank Limited shall not be obliged to provide overdraft facility on the said Account but for towards the debiting of

Service Charges payable by me/us. I/We speciﬁcally agree and conﬁrm that any matter or issue arising hereunder shall be

governed by and construed exclusively in accordance with the Indian laws and shall be subject to the jurisdiction of the courts of

Mumbai in India. I/We hereby conﬁrm the IDFC FIRST Bank Limited shall have a lien and right of set o on all monies belonging to

me/us standing to my/our credit in any account whatsoever with the IDFC FIRST Bank Limited and authorize the IDFC FIRST Bank

Limited without reference

to me/us to appropriate the same towards satisfaction of the service charges or any other charges due

and payable by me/us.

4. I/We hereby provide consent to receive demat account related documents in electronic mode at Sole/First Holder’s Email ID.

1) Transaction-cum-Holding Statement 2) Rights and Obligations of the Beneﬁcial Owner and Depository Participant

3) Schedule of Charges applicable for Demat account.

5. Instructions related to nomination, are as below: 1) The nomination can be made only by individuals holding beneﬁciary owner

accounts on their own behalf singly or jointly. Non- individuals including society, trust, body corporate, partnership ﬁrm, karta of

Hindu Undivided Family, holder of power of attorney cannot nominate. If the account is held jointly all joint holders will sign the

nomination form. 2) A minor can be nominated. In that event, the name and address of the Guardian of the minor nominee shall be

provided by the beneﬁcial owner. 3) The Nominee shall not be a trust, society, body corporate, partnership ﬁrm, karta of Hindu

Undivided Family or a power of Attorney holder. Anon-resident Indian can be a Nominee, subject to the exchange controls in force,

from time to time. 4) Nomination in respect of the beneﬁciary owner account stands rescinded upon closure of the beneﬁciary

owner account. Similarly, the nomination in respect of the securities shall stand terminated upon transfer of the securities.

5) Transfer of securities in favour of a Nominee shall be valid discharge by the depository and the Participant against the legal heir.

6) The cancellation of nomination can be made by individuals only holding beneﬁciary owner accounts on their own behalf singly

or jointly by the same persons who made the original nomination. Non- individuals including society, trust, body corporate,

partnership ﬁrm, karta of Hindu Undivided Family, holder of power of attorney cannot cancel the nomination. If the beneﬁciary

owner account is held jointly, all joint holders will sign the cancellation form. 7) On cancellation of the nomination, the nomination

shall stand rescinded and the depository shall not be under any obligation to transfer the securities in favour of the Nominee.

6. Email Statement: I/We agree to discontinue the Physical Statements if electronic mode is opted. I/We understand that

the email statements are for my/our convenience. IDFC FIRST Bank Limited shall not be liable or responsible for any breach

of secrecy because the statements are being sent to the email ID. I/We shall verify the authenticity of the emails I/We receive.

I/We shall not hold the IDFC FIRST Bank Limited responsible for any statement received from frauds/imposters. I/We shall not

hold the IDFC FIRST Bank Limited liable if any problem arises with

my/our computer network because of me/us receiving

statements from the IDFC FIRST Bank Limited. I/We are authorised by the other holders to receive the Statements to the email

address. I/We shall inform the IDFC FIRST Bank Limited in writing if there is any change in the email address. The IDFC FIRST Bank

Limited shall not be responsible if I/we do not receive statement due to incorrect email address and technical reasons.

I/We conﬁrm to have read and understood the Terms & Conditions (a copy of which I am in possession of) pertaining to my

account. I/We understand and agree that the email statements will only be sent to the First holder in the account. I/we am/are

aware that I/we will not receive the transaction statements in paper form. I/we will take all the necessary steps to ensure

conﬁdentiality and secrecy of the login name and password of the internet/email account. I/we am/are aware that the transaction

statement may be accessed by other entities in case the conﬁdentiality/secrecy of the login name and password is compromised.

7. Notes: 1) All communication shall be sent at the address of the Sole/First holder only. 2) Thumb impressions and signatures

other than English or Hindi or any of the other language not contained in the 8th Schedule of the Constitution of India must be

attested by a Magistrate

or a Notary Public or a Special Executive Magistrate. 3) For receiving Statement of Account in electronic

form: I. Client must ensure the conﬁdentiality of the password of the email account. II. Client must promptly inform the Participant

if the email address has changed. III. Client may opt to terminate this facility by giving 10 days prior notice. Similarly, Participant

may also terminate this facility by giving 10 days prior notice. 4) The pattern of holding in the Demat account shall be as per the

Bank Account. 5) This nomination shall supersede any prior nomination made by the account holder(s), if any 6) If Clients wants

to appoint a minor as a nominee, then a separate Nomination form may be obtained. 7) If client wish to receive Annual Reports,

AGM notices in physical form, please inform your DP.

8) Instructions related to mode of receiving Statement of Account in electronic form, are as below: 1) All the necessary steps to

ensure conﬁdentiality and secrecy of the login name and password of the internet/email account should be taken by the client.

Such statement may be accessed by other entities in case the conﬁdentiality/secrecy of the login name and password is

compromised 2) Participant or Client can terminate such arrangement by giving 10

days prior notice. 3) In case opted for

statement through email, the Client shall immediately inform the Participant about change in email address, if any.

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DECLARATION

9. We wish to use the e-DIS facility by accepting the instructions on the Depository system. We agree to be bound by the

Bye-laws & Business Rules of NSDL. We agree that the instructions as executed through e-DIS by anyone of the account holder(s)

or survivor (s) shall discharge the Participant in full vis-a-vis all account holders. We further agree that any one of the account

holders or Survivor (s) would accept such electronic instruction on depository system through OTP & PIN/Password conﬁrmation

or other veriﬁable mechanism.

10. In case if ﬁrst holder’ is selected, the communication will be sent as per the preference mentioned. In case ‘All joint account

holders’ is opted, communication to ﬁrst holder will be sent as per the preference mentioned and communication to other holders

will be in electronic mode. The default option will be communication to ‘ﬁrst holder’, if no option selected.

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NOMINATION DETAILS

I/We wish to make a nomination and do hereby nominate the following person(s) who shall receive all the assets held

in my / our account in the event of my / our death.

Name of the nominee(s) (Mr./Ms.)

Any odd lot after division shall be transferred to the ﬁrst nominee mentioned

in the form.

% %

Share of each Nominee Equally [ ]

[If not equally, please specify

percentage]

Relationship With the Applicant

(If Any)

Address of Nominee(s)

Mobile / Telephone No. of nominee(s)

Email ID of nominee(s)

Nomination can be made upto

three nominees in the account.

Details of 1st Nominee Details of 2nd Nominee Details of 3rd Nominee

I/We hereby conﬁrm that I/We do not wish to appoint any nominee(s) in my/our trading/demat account and

understand the issues involved in non-appointment of nominee(s) and further are aware that in case of death of all the

account holder(s), my/our legal heirs would need to submit all the requisite documents/information for claiming of

assets held in my/our trading/demat account, which may also include documents issued by Court or other such

competent authority, based on the value of assets held in the trading/demat account.

Declaration Form for opting out of nomination

Nominee Identiﬁcation details

(Any One)

Signature of Client

First Holder Second Holder Third Holder

City:

Country:

State:

Photograph & Signature

PAN

Savings Bank A/c No.

Demat A/c No.

I/we agree to abide by and to be bound by all the Terms and Conditions pertaining to Debit authorisation, E-mail statement

and Fee & schedule.

Pin Code:

Account to be operated through Power of Attorney (PoA)

Yes

Account to be operated through Demat Debit and Pledge Instruction (DDPI)

Yes

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FOR OFFICE USE ONLY

Branch Checklist to check eligibility:

• Only Resident Individual (Excluding Minor & Pre IPV Product Codes)

• Only Active Bank Accounts

• KYC Complied & Bank Account is not pending for Re KYC

• Signature available in bank records

• PAN available in bank records

• KYC details conﬁrmed with customer

ACKNOWLEDGEMENT

IDFC FIRST Bank Limited – (DP ID – IN304203)

Naman Chambers, C-32, G Block, Bandra-Kurla Complex, Bandra East, Mumbai 400 051

Received the application from Mr./Ms. __________________________________________________ as the sole/ﬁrst holder

alongwith ___________________________________ & ___________________________________ as the second and third

holders respectively for opening of a depository account. Please quote the DP ID & Client ID allotted to you in all your future

correspondence.

NSDL Client –ID:

Name of the person who has done the IPV:

Designation:

Employee ID:

Name of the Organization: IDFC FIRST Bank Limited

Date of IPV:

In person Veriﬁcation (IPV) Details:

Signature of the person who has done the IPV Seal / Stamp of IDFC FIRST Bank Limited

Branch Seal & SignatureDate

D D M M Y Y Y Y