CANARA BANK - IFSC Banking Unit- GIFT SEZ

ACCOUNT OPENING FORM FOR INDIVIDUALS / JOINT ACCOUNT HOLDERS

Date: _ _ / _ _ / _ _ _

I / We, the person named below (the “Customer”), request you to open my / our account with Canara Bank,
IFSC Banking Unit (the “Bank”) as shown under in following currencies: (Tick (√) type of account)

Saving Account Current Account Other A/c

USD EURO GBP Other

I / We are aware & understand that the deposit maintained with Banks in IFSC Banking unit, Gift SEZ
are not covered under deposit insurance scheme.
For Bank use only
Account No.
USD
EUR
GBP
Customer ID:
Date of Opening:

CKYC Number
(To be filled in Capital Letters)
Details of Main Applicant
Title Mr. Mrs. Ms.
First Name
(Any Aliases)

Middle Name

Last Name

Father’s / Spouse Name

First Name

Middle Name

Last Name

Mother’s Name
First Name

Last Name

1
 Personal Details:
Date of Birth Gender Marital Status Nationality
D D M M Y Y Y Y M F T Single Married
Passport No. Place of Issue Date of Issue Expiry Date

Any Other Identity Proof No. Place of Issue Issuing Authority Expiry Date

Residential Status Resident Indian Non Resident Indian PIO / OCI

(Please tick)
In Case of Non Resident Indian (NRI) then, please provide:
Date of becoming NRI Visa Expiry Date:
Current Address Flat No. / H No.
(Proof of address Building / Street
to be provided) Area / Locality
City & State
Country
Postal Code

Permanent Flat No. / H No.

Address Building / Street
(If Different from Area / Locality
current address) City & State
Country
Postal Code

Communication Flat No. / H No.

Address Building / Street
(If Different from Area / Locality
current address) City & State
Country
Postal Code

Contact Details:
Mobile No. (with country code) +

Landline / Alternative No. (with +

country code)
Email address
(in capital letters only)

BANK-INTERNAL 2
 Education & Employment information:
Qualification Under Graduate Post Graduate Others (Please Specify)
(Please tick) Graduate

Occupation Salaried Self Professional Housewife Student Others

(Please tick) Employed (Please Specify)

Designation If Canara Bank Staff, Pl provide

staff No:
Business / Name of Company
Employers Flat No. / Off. No.
Details
Building / Street
Area / Locality
City & State
Country
Postal Code
Contact No.
Type of Business
(in case of Self Employed)
Business Activity
No. of Years in Current Business /
Employment
Details of other account
relationship with

Account Transaction Details:

Purpose of opening the account
Source of Funds
Expected Annual Turnover in the
account
Gross Annual Income from
Business / Employment
Country from which Inward / Country of Inward of funds Country of Outward of funds
Outward of funds are expected

Additional Information (Please tick):

I am not holding, never held and am not actively seeking to hold or being considered for the Yes No
position of senior public figure
Are you PEP or related to one? Yes No
Are you a national and or resident (with either of address) in a Sanctioned Country Yes No
Does the customer / individual funding the account remit / receive any money directly or Yes No
indirectly to or from a sanction country?
I hereby confirm that I hold a Permanent Account Number (PAN) issues by Indian Taxation Yes No
authorities in my name in India (If No, Please Fill Annexure 3)
If Yes, then please provide PAN No.

BANK-INTERNAL 3
 Details of Joint Applicant
(Please use the same for multiple Joint applicant)
Title Mr. Mrs. Ms.
First Name
(Any Aliases)

Middle Name

Last Name

Father’s / Spouse Name

First Name

Middle Name

Last Name

Mother’s Name
First Name

Last Name
Personal Details:
Date of Birth Gender Marital Status Nationality
D D M M Y Y Y Y M F T Single Married
Passport No. Place of Issue Date of Issue Expiry Date

Any Other Identity Proof No. Place of Issue Issuing Authority Expiry Date

Residential Status Resident Indian Non Resident Indian PIO / OCI

(Please tick)
In Case of Non Resident Indian (NRI) then, please provide:
Date of becoming NRI Visa Expiry Date:
Current Address Flat No. / H No.
(Proof of address Building / Street
to be provided) Area / Locality
City & State
Country
Postal Code

Permanent Flat No. / H No.

Address Building / Street
(If Different from Area / Locality
current address) City & State
Country
Postal Code

BANK-INTERNAL 4
 Contact Details:
Mobile No. (with country code) +
Landline / Alternative No. (with +
country code)
Email address
(in capital letters only)

Education & Employment information:

Qualification Under Graduate Post Graduate Others (Please Specify)

(Please tick) Graduate

Occupation Salaried Self Professional Housewife Student Others

(Please tick) Employed (Please Specify)

Designation If Staff, Pl provide EC No:

Business / Name of Company
Employers Flat No. / Off. No.
Details
Building / Street
Area / Locality
City & State
Country
Postal Code
Contact No.
Type of Business
(in case of Self Employed)
Business Activity
No. of Years in Current Business /
Employment
Details of other account
relationship with

Additional Information (Please tick):

I am not holding, never held and am not actively seeking to hold or being considered for the Yes No
position of senior public figure
Are you PEP or related to one? Yes No
Are you a national and or resident (with either of address) in a Sanctioned Country Yes No
Does the customer / individual funding the account remit / receive any money directly or Yes No
indirectly to or from a sanction country?
I hereby confirm that I hold a Permanent Account Number (PAN) issues by Indian Taxation Yes No
authorities in my name in India (If No, Please Fill Annexure 3)
If Yes, then please provide PAN No.

BANK-INTERNAL 5
 Banking Facilities Required:
Internet Banking Facility Yes No
(Viewing only)
(Please tick):
SMS Alert Facility Yes No
(Please tick):
Email address to be Registered
with Bank
Mobile No. to be registered with +
Bank (with country code)
Reason if the Email & Mobile
provided are different from
main & joint applicant
Telecommunication Mandate Yes No
(Please tick):
If No, then propose mode of operation
At the request of the Customer, the Bank has agreed to act upon instructions received by FAX / EMAIL or
any other form of communication agreed between the Bank and the Customer from time to time on the
Terms and Conditions of this account opening form.

Declaration from Person of Indian Origin (PIO)/Overseas Citizen of India (OCI):

I hereby declare that I am a person of Indian Origin and I satisfy one of the following conditions.
(Please tick the choice/choice’s applicable to you)

I held an Indian passport in the past

My father / mother / grandfather / grandmother (name) is /

was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955.

I am the spouse of an Indian citizen

The father / mother / grandfather / grandmother (name) of my

spouse is / was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955

To be filled in Case of Applicant being MINOR:

Father & Natural Guardian Mother & Natural Guardian Guardian

I hereby declare that is a minor and his / her date of birth is

(dd/mm/yyyy). He / She is my and I am his / her
natural guardian / guardian appointed by the court order dated
(dd/mm/yyyy) (copy enclosed). I shall represent the said minor in all future transactions of any descriptions
in the above account until the said minor attains majority. I will indemnify the bank against the claim of the
above minor of any withdrawal / transactions made by me in his / her account.

Nominee Details:
Name of the Nominee DOB of Nominee Relationship with account holder

Details of Guardian in case of Nominee being Minor

Name of the Guardian Relationship with Nominee

BANK-INTERNAL 6
 Title of the Account
Account No.
Operating Self Jointly Either or Survivor If Other, specify
Instructions

Name Specimen Signature Photograph

Recent Photo

Customer I.D

Recent Photo

Customer I.D

Recent Photo

Customer I.D

For Official Use:

Signed in presence of:

Signature Name of Officer

EC No. & Designation Branch/Office Stamp

Date & Place

BANK-INTERNAL 7
 DECLARATIONS:
 I/We have read, understood and agree to abide by the Bank’s rules relating to the conduct of the
above accounts / services/ products /Fee & charges which are displayed on the website
https://www.canarabank.com/ from time to time

 I / We hereby declare that the information furnished above are true, correct and complete and belief I/
We also undertake to notify the Bank immediately of any changes to the above information.

 I/We agree that I/we will own the account and not as trustee or nominee.

 I/We confirm that I /We are not defaulter / willfull defaulter with any Bank / FI & or any country.

 I/We agree to comply with the Bank’s rules with regard to the conduct of the accounts. I/We resolve
to provide to the Bank in writing any changes in personal details including addresses or
circumstances that may change from time to time.

 I / We agrees that Bank is having right to check my/our credit score as a part of account of opening.

 I/We authorize Canara Bank/its Group Companies or its/their agents to make references and
enquiries as may be deemed necessary in their discretion with regard to the information furnished in
this application. Canara Bank and its Group entities/companies are empowered to exchange, share
or part with all the information, data or documents relating to my/our application inter se among
themselves or to other Banks / Financial Institutions / Credit Bureaus / Agencies / Statutory Bodies /
such other entities / persons as may be deemed necessary or appropriate or as may be required for
processing of such information / data by such person/s or for furnishing of the processed information
/ data / products thereof to other Banks / Financial Institutions / Credit Bureaus / Agencies / users
registered with such agencies.

(Main Applicant) (Joint Applicant) (Joint Applicant)

Date: Place:

BANK-INTERNAL 8
 KYC Documents to be submitted, along with the application (duly self-attested)

Resident
List 1: Latest / Recent Photo Identification List 2: Latest / Recent Documents showing
Documents (Any One) Address Proof (Any One)
• Passport • Utility bills (not more than 2 months old)
• Aadhar Card • Letter of allotment of accommodation from
employer issued by State or Central Government
departments, statutory or regulated bodies and PSUs.
• Voter’s ID Card issued by Election • Property, Municipal tax receipt, city council tax
Commission of India receipt
• Driving License with photo • Post Office savings bank account statement or
statement of a bank account
PAN Card

Note:
 In Case of Resident PAN / Form 60 is mandatorily to be obtained while opening of the accounts as
per extant RBI guidelines.
 In Case of Residents all the documents has to be certified by Canara Bank Officials.

Non Resident
List 1: Latest / Recent Photo Identification List 2: Latest / Recent Documents showing
Documents Address Proof (Any One)
• Passport with all pages (Mandatory) • Utility bills (not more than 2 months old)
• Letter issued by Foreign Embassies or Mission in
National ID Card / Voter Identification Card India having Name & Address of the Applicant
Bank account statement
Prevalent Document equivalent to PAN in Documents issued by the Government departments
of foreign jurisdictions
the home jurisdiction

In Case of Non-Resident, all the documents has to be certified by any one of the following authorities:
(i) Authorised official of a bank located in a Financial Action Task Force (FATF) compliant jurisdiction with whom
the individual has banking relationship;
(ii) Notary Public (outside India);
(iii) Court Magistrate (outside India);
(iv) Judge (outside India);
(v) Certified public or professional accountant (outside India);
(vi) Lawyer (outside India)
(vii) The Embassy/Consulate General of the country of which the non-resident individual is a citizen

BANK-INTERNAL 9
 Annexure -1
Authority Letter Cum Indemnity for Operations in the account

The Head
Canara Bank
IFSC Banking Unit
Gift SEZ, Gandhinagar, Gujarat

Dear Sir/Dear Sirs,

The Mandate

I/We, the undersigned (hereinafter called the “Customer”), refer to the mandate / between, Canara Bank IBU
(the “Bank”) and the Customer governing the operation of the Customer’s accounts, banking facilities and
dealings and transactions of the Customer with the Bank (the “Mandate”).

1. Authorization
Notwithstanding any other agreement or course of dealing between the Bank and the Customer or the terms
of the Mandate or of any future mandate by the Customer to the Bank, the Bank is hereby instructed and
authorized, but shall not be obliged, at the discretion of the Bank to rely upon and act in accordance with any
notice, demand or other communication (such notice, demand or other communication are hereinafter
collectively and individually called the “Notices”) which may from time to time be, or purport to be, given by
telephone, facsimile transmission, email, electronic messaging system or otherwise any electronic media or
means by the Customer or on behalf of the Customer by any one of the persons mentioned in and whose
specimen signatures are given in the section described as Specimen Signatures and Photographs hereto
and revision thereof (without inquiry on the Bank’s part as to the identity or authority of the person making or
purporting to make or give such Notices and regardless of the circumstances prevailing at the time of such
Notices).

The Bank shall be entitled to treat such Notices as authorized by and binding upon the Customer,
and the Bank shall be entitled (but shall not be bound) to take or omit to take (as the case may be)
such steps and action in reliance upon or in relation to such Notices as the Bank may in its discretion
consider appropriate, whether such Notices include instructions to pay money or otherwise to debit or
credit any account, or relate to the transfer or disposition of any money, securities or documents, or
issue of bank drafts or purport to bind the Customer to any agreement or other arrangement with the
Bank or with any other person or to commit the Customer to any other type of transaction
whatsoever, regardless of the nature of the transactions or arrangements or the amount of money
involved and notwithstanding any error , miscommunication, misunderstanding or lack of clarity in
terms of such Notices.

In particular, the Bank shall be entitled to refuse to execute or delay the execution of any instruction if there
are insufficient funds, credit facilities or assets in the account(s) to which the relevant instruction relates or in
order to give effect to the instructions. Notwithstanding the aforesaid, the Bank may, if applicable law permits
but is not obliged to, execute any instruction even though there are insufficient funds, credit facilities or
assets in the account(s) to which the relevant instruction relates or in order to give effect to the
instructions, but I/we shall immediately repay the resulting overdraft, advance, and all charges and interest at
such rate as the Bank may determine at its discretion.

I/we shall be liable for all losses and damages arising out of the loss, forgery or unauthorized use of
the chop to give instructions if I/we use it to give instructions.

Any instruction received by the Bank after its banking hours will only be processed on the next
following banking day of the Bank unless otherwise agreed to by the Bank.

BANK-INTERNAL 10
 2. Indemnity
In consideration of the Bank complying in whole or in part with the terms of this letter as the Bank at its
discretion considers appropriate, the I/ We shall indemnify the Bank and keep the Bank indemnified against
all losses, claims, actions, proceedings, damages, demands, costs and expenses incurred or sustained by
the Bank of whatever nature and howsoever arising out of or in connection with such Notices or the Bank’s
compliance in whole or in part with the terms of this letter.

I/we will indemnify the Bank and hold the Bank harmless against all actions, proceedings, claims,
demands, liabilities, damages, losses, costs and expenses howsoever incurred by the Bank or
arising, directly or indirectly, out of any instruction given or purported to be given by me/us in
accordance with these General Terms and Conditions or the applicable Specific Terms and
Conditions and any transactions effected or purported to be effected according to such instructions.
This indemnity shall continue notwithstanding any termination or closure of my/our account, these
General Terms and Conditions or any Specific Terms and Conditions.

3. Governing Law
The letter shall be governed by and construed according to the law of the Republic of India.

Date:-

Place:-

(Main Applicant) (Joint Applicant) (Joint Applicant)

BANK-INTERNAL 11
 Annexure -2
Form 60 / 61 (to be filled by those who do not have PAN)

Form 60
Are you a Tax Assessee Yes No if Yes
a) Details of Ward / Circle / Range where the last return of income was filled :
b) Reason for not having PAN No.:

Form 61
To be filled by a person who has only agricultural income and no other income chargeable to income tax.

I hereby declare that my source of income is from agriculture and I am not required to pay income tax on any
other income if any.

Verification

I do hereby declare that what is

stated is true to the best of my knowledge and belief, further I authorize Bank to obtained my Dummy PAN
No.

Verified at this the day of 20

Date : Place :

Signature of the Declarant

BANK-INTERNAL 12
 Annexure -3
FATCA-CRS Annexure for Individual Accounts (including Sole Proprietor- To be obtained with
account opening form both main & join applicants)

Account No.

Details under FATCA and CRS (see instructions)

(Please consult your professional tax advisor for further guidance on your tax residency, if required)

1. Tax residence declaration – tick any one, as applicable to you: (if b. is applicable then please provide all
other information)

a) I am a tax resident of India and not resident of any other country

Or

b) I am a tax resident of the country/ies mentioned in the table below

Country # Tax Identification Number% Identification Type (TIN or Other%,

please specify)

# To also include USA, where the individual is a citizen/ green card holder of USA
% In case Tax Identification Number is not available, kindly provide functional equivalent$

2. Name of the accountholder

3. Customer ID

4. Father’s name (mandatory )

5. Spouse’s name _ (Optional)

6. Gender: _ (Male / Female / Others)

7. PAN No. _

8. Aadhaar number (optional)

1
9. Identification Type and Identification Number (Documents submitted as proof of identity of the
individual):
Name of the document submitted

Identification number

10. Occupation Type (Service, Business, Others-please specify)

11. Date of birth (in DD/MM/YYYY format)

12. Nationality

13. City of birth

1
Permissible documents are:
 Passport  Driving License
 Election ID Card  Aadhar Card
 PAN Card  Others
 ID Card

BANK-INTERNAL 13
 14. Country of birth

15. Residence address for tax purposes (include City, State, Country & Pin code)

16. Address Type: (a)Residential or Business (b) Residential (c)Business (d) Registered Office

Certification
I have understood the information requirements of this Form (read along with the FATCA-CRS Instructions) and
hereby confirm that the information provided by me on this Form is true, correct, and complete. I also confirm that I
have read and understood the FATCA-CRS Terms and Conditions and hereby accept the same.

Name & Signature:

Date: / / Place:

FATCA – CRS Instructions

Details under FATCA-CRS/Foreign Tax Laws: Towards compliance with tax information sharing laws, such as
FATCA and CRS, we would be required to seek additional personal, tax and beneficial owner information and certain
certifications and documentation from our account holders. Such information may be sought either at the time of
account opening or any time subsequently. In certain circumstances (including if we do not receive a valid self-
certification from you) we may be obliged to share information on your account with relevant tax authorities. If you
have any questions about your tax residency, please contact your tax advisor. Should there be any change in any
information provided by you, please ensure you advise us promptly, i.e., within 30 days. Towards compliance
with such laws, we may also be required to provide information to any institutions such as withholding agents for the
purpose of ensuring appropriate withholding from the account or any proceeds in relation thereto. As may be
required by domestic or overseas regulators/ tax authorities, we may also be constrained to withhold and pay out any
sums from your account or close or suspend your account(s).

If you are a US citizen or resident or green card holder, please include United States in the foreign country
information field along with your US Tax Identification Number. Foreign Account Tax Compliance provisions
(commonly known as FATCA) are contained in the US Hire Act 2010.
$
It is mandatory to supply a TIN or functional equivalent if the country in which you are tax resident issues such
identifiers. If no TIN is yet available or has not yet been issued, please provide an explanation and attach this to the
form. Please note that you may receive more than one request for information if you have multiple relationships with
ABC or its group entities. Therefore, it is important that you respond to our request, even if you believe you have
already supplied any previously requested information

BANK-INTERNAL 14
 For Bank’s use only

Documents submitted by Applicant(s): Verified copies of:

Resident
List 1: Latest / Recent Photo Identification List 2: Latest / Recent Documents showing Address
Documents (Any One) Proof (Any One)
• Passport • Utility bills (not more than 2 months old)
• Aadhar Card • Letter of allotment of accommodation from employer
issued by State or Central Government departments,
statutory or regulated bodies and PSUs.
• Voter’s ID Card issued by Election Commission • Property, Municipal tax receipt, city council tax receipt
of India
• Driving License with photo • Post Office savings bank account statement or
statement of a bank account
PAN / Form 60

Non Resident
List 1: Latest / Recent Photo Identification List 2: Latest / Recent Documents showing Address
Documents Proof (Any One)
• Passport with all pages (Mandatory) • Utility bills (not more than 2 months old)
• Letter issued by Foreign Embassies or Mission in India
National ID Card / Voter ID Card having Name & Address of the Applicant
Bank account statement
Documents issued by the Government departments of
foreign jurisdictions

Customer Status:
Risk Assessment High Medium Low
PEP Status Yes No
Customer Classification Retail Professional Market Counter Party

Check List: (Tick (√)

Documentation Formalities Completed
Annexures ......................... are duly signed
KYC / CDD process completed
Sanction / Compliance check search documentation Completed
Others, if any _ _
Approval Process: (Write briefly about the customer, occupation and address verification etc.)

_ _ _
_ _ _

Please authorize to open the account.

Date: _
(Signature of the Officer with EC No.)
Authorized
Date:
_
(Signature of the Head / Deputy Head with EC No.)

BANK-INTERNAL 15
 GENERAL TERMS AND CONDITIONS
To: Canara Bank
IFSC Banking Unit
Gift SEZ, Gift City, Gandhinagar Branch (the “Bank”)

I/We agree that these Terms and Conditions for Banking Services of the Bank (which comprise the General Terms &
Conditions and the Specific Terms and Conditions contained herein) shall govern my/our transactions and relationship with the
Bank, unless otherwise agreed between me/us and the Bank.

A. General Terms and Conditions:

1) Application:
The General Terms and Conditions contained herein shall apply to all services and products provided by the Bank to me/us
and all instructions given by me/us to the Bank and all transactions entered into by me/us with the Bank from time to time.

Each service or product provided to me/us is subject to the Specific Terms and Conditions applicable to it. The Specific
Terms and Conditions shall prevail, insofar as the Specific Terms and Conditions apply to the service or product in
question, in the event of a conflict between the General Terms and Conditions and any Specific Terms and Conditions.

I/We agree that we will provide all documents & information to the bank to comply with all applicable laws, policies
(including but not limited to IFSCA Banking regulations 2020, the IFSCA Banking Handbook, Money laundering, CFT &
KYC Guidelines 2022)

2) Products & Services:

I/We shall complete and submit to the Bank all the forms and documents required by the Bank for opening account. Apart
from documents listed above, the Bank may further request additional documents or details, if considered necessary, for
opening the account.

All documents should be submitted in original for verification; alternatively copies of all documents should be true copies
certified by an Authorised officials of bank, Court Magistrate, Judge, certified public or professional accountant, Lawyer The
Embassy/Consulate General or Notary Public. Certifier’s signature and official stamp should be placed on the first page of
the copy document and the number of pages should be recorded. Remaining pages should carry the official stamp of the
Certifier.

For Limited Company, I/we confirm that the company has not been or is not in the process of being dissolved, struck off,
wound up or terminated.

The Bank reserves the right and absolute discretion to refuse opening request and continuation without providing any
reason.

Account will be operated by me/us and balance payable to me/us according to operating instructions given above or from
time to time in effect and revision thereof.

I/We agree to maintain the minimum average quarterly balance as applicable from time to time and agree to pay the
charges if minimum balance is not maintained.

I/We may at any time apply for any of the Bank’s services or products, by giving an instruction to the Bank in accordance
with the General Terms and Conditions together with such documents or information as may be requested by the Bank.
My/Our application for or use of any of the Bank’s services or products will be subject to the General Terms and Conditions
and the Specific Terms and Conditions applicable to the relevant service or product. I/We shall read and understand the
Specific Terms and Conditions applicable to the service or product before submitting my/our application.

The Bank may at any time at its absolute discretion refuse to accept my/our application for service or product without
assigning any reason.

3) Modes for Giving Instruction

The Bank may at its discretion rely on any instruction to the Bank by me/us given in writing, by facsimile, telephone, through
internet, by any other means (including electronic means) as may be approved by the Bank from time to time, in each case
in accordance with the General Terms and Conditions and the applicable Specific Terms and Conditions.

The Bank may at its discretion refuse to accept any instruction on such grounds as it deems fit without the need to assign
any reason. In particular, the Bank shall be entitled to refuse to execute or delay the execution of any instruction if there are
insufficient funds, credit facilities or assets in the account(s) to which the relevant instruction relates or in order to give effect
to the instructions. Notwithstanding the aforesaid, the Bank may, but is not obliged to, execute any instruction even though
there are insufficient funds, credit facilities or assets in the account(s) to which the relevant instruction relates or in order to
give effect to the instructions, but I/we shall immediately repay the resulting overdraft, advance, and all charges and interest
at such rate as the Bank may determine at its discretion.

BANK-INTERNAL 16
 I/we will indemnify the Bank and hold the Bank harmless against all actions, proceedings, claims, demands, liabilities,
damages, losses, costs and expenses howsoever incurred by the Bank or arising, directly or indirectly, out of any instruction
given or purported to be given by me/us in accordance with these General Terms and Conditions or the applicable Specific
Terms and Conditions and any transactions effected or purported to be effected according to such instructions. This
indemnity shall continue notwithstanding any termination or closure of my/our account, these General Terms and
Conditions or any Specific Terms and Conditions.

I/we shall be liable for all losses and damages arising out of the loss, forgery or unauthorized use of the chop to give
instructions if I/we use it to give instructions.

Any instruction received by the Bank after its banking hours will only be processed on the next following banking day of the
Bank unless otherwise agreed to by the Bank.

4) Statements of Account
I/we undertake to verify the correctness of each statement of account and transaction confirmation or advice received from
the Bank and to identify and inform the Bank of any errors, discrepancies, omissions or debits wrongly made to or
inaccuracies or incorrect entries in the Bank’s record of transaction, statement of account and transaction confirmation or
advice as so stated within 30 days from the receipt thereof. At the end of the 30-day period commencing from the date of
receipt of the relevant statement of account or transaction confirmation advice, the Bank’s record of transactions and the
details of the transactions as set out in such statement of account or transaction confirmation or advice, shall be conclusive
evidence as against me/us without any further proof that the Bank’s record of transaction and the details in such statements
of account or transaction confirmation or advice are correct except as to any alleged errors so notified

The Bank shall be entitled to correct any mistake or incorrect entry contained in any statement of account, transaction
confirmation or advice provided by the Bank by giving notice to me/us.

5) Deposits
No cheque book facility shall be provided in the account. All other monetary instruments accepted for deposit into any of
my/our accounts are credited subject to final payment and proceeds will not be available to me/us until they have been
cleared. The Bank reserves the right to charge any of my/our accounts with items which are subsequently returned unpaid.

An inward remittance to an account may not be credited to the account on the same day if the related payment advice is not
received by the Bank before the cut-off time set by the Bank from time to time. No interest will accrue on any inward
remittance before the funds are actually credited into the account.

Amounts received for any of my/our accounts in a currency other than the currency of the relevant account may be
converted by the Bank at such rate of exchange as it determines into the currency of such account for credit to such
account and I/we shall bear the cost of such conversion.

6) Withdrawals
Unless the Bank at its discretion agrees otherwise, funds standing in any of my/our accounts opened with the IFSC Banking
Unit Branch of the Bank may only be withdrawn in IFSC GIFT SEZ, Gift City, Gandhinagar.

Transfer and withdrawal of funds are made entirely at my/our own risk. The Bank shall not be liable for any mutilation,
interruption, omission, error, neglect, default, mistake, delay, diminution or unavailability of funds which may occur in the
transmission of any message or from the misinterpretation of any message by any person in the absence of gross
negligence or willful default on the part of the Bank, its officers or employees

7) Fees and Charges

The Bank may impose such fees and charges in respect of any service and product provided by it (including without
limitation deposit charges on the credit balances in any account) from time to time as the Bank may at its sole discretion
think fit. The Bank is hereby authorized to debit any of my/our accounts for the fees and charges payable.

The Bank may at any time revise the rates of the fees and charges and inform/ advise the same.

8) Set-off and mutual suspense

In addition to any general lien, right of set-off or similar right to which the Bank as banker may be entitled by law, the Bank
may at any time without prior notice, combine or consolidate all or any of my/our accounts (wherever situate) with and
my/our liabilities to the Bank and set off or transfer any sum or sums standing to the credit of any one or more of my/our
accounts in or towards satisfaction of my/our liabilities to the Bank (whether such liabilities be primary, collateral, several,
joint or in other currencies). Further, insofar as my/our liabilities to the Bank are contingent or future, the Bank’s liability to
me/us to make payment of any sum or sums standing to the credit of any of my/our accounts shall to the extent necessary
to cover such liabilities be suspended until the happening of the contingency or future event.

At any time after I/we have any outstanding liability, whether actual or contingent, present or future, joint or several, direct or

BANK-INTERNAL 17
 indirect, of whatever nature to the Bank, I/We will not be entitled, without the prior consent of the Bank, to withdraw any
funds from my/our account or any investment, asset and property (including but not limited to all my/our securities, unit
trusts, mutual funds and other interest in collective investment schemes) held by the Bank or its nominee for my/our
account, including any interest, dividend or other benefit derived from the aforesaid.

9) Customer Information
I/We have received all intimation / notice as per applicable law relating to the handling of my / our data in accordance with
the terms of the said intimation / notice as amended by the Bank from time to time. In addition, the Bank may also use
my/our data for providing bank references, references for status enquiries, conducting matching procedures, maintaining a
credit history of me/us (whether or not there exists any relationship with the Bank) for present and future reference.

The Bank may disclose my/our data to any financial institution or credit card issuing companies or other entity of similar
nature in any jurisdiction with which I/we have or propose to have dealings; any party giving or proposing to give a
guarantee or third party security to guarantee or secure any of my/our obligations; and any person making payment into
my/our account (which payment confirmation slip may contain information about me/us).

I/We hereby represent and warrant that I/we will obtain the prior consent of my/our referees before giving their names and
other personal data to the Bank.

I/We hereby represent and warrant that all information provided by me/us to the Bank is provided voluntarily and that such
information is true, correct and complete in all respects.

My/Our data may be processed, stored and transferred or disclosed in and to another jurisdiction outside India as the Bank
or any recipient of my/our data considers appropriate. Such data may also be released or disclosed in accordance with the
laws, rules and regulations in such jurisdiction.

I/We acknowledge and agree that the Bank may in accordance with applicable law from time to time outsource services,
operations and processing procedures relating to any of my/our transactions and data to its regional or global processing
centres. branches, subsidiaries, parent companies, affiliates, agents and other third parties, wherever situated, and these
service providers may from time to time be given access to information and data relating to my/our transactions for the
purpose of or in relation to the services and procedures they perform.

10) Payments and Repayments

All payments by me/us to the Bank shall be made in full, without set-off or counterclaim and free and clear of any deductions
or withholdings on account of any tax or otherwise. If I am/we are obliged by law to deduct or withhold any sum from any
payment due to the Bank, I/we shall increase the amount of the payment so that the net amount received by the Bank shall
equal the amount due.

Payments received in a currency different from the currency of the amount payable may be converted by the Bank at such
rate of exchange as it determines into the currency of the amount payable for. I/We shall bear the risk and cost of such
conversion.

A certificate issued by the Bank stating the amount due and payable by me/us to the Bank, interest rates and exchange rates
in a particular transaction or at any particular time shall, in the absence of manifest error, be final and conclusive for all
purposes including for the purposes of legal proceedings.

11) Accounts
Where we consist of more than one person, or where we are a partnership, all the persons comprising us or all the partners
(as the case may be) shall be jointly and severally liable for all agreements, obligations, liabilities, powers, authorities
provided in or in connection with the General Terms and Conditions and all Specific Terms and Conditions.

In the event of the death of any person comprising a joint account holder, the credit balance of the relevant account(s) and
all investments, assets and properties of any description standing to the credit of such account(s) or held in their joint
names shall, subject to applicable laws, belong to the survivor(s) thereof.

Remittance in favour of any one of the joint account holders may be credited to the joint account without reference to the
payee of the remittance.

The Bank’s obligation to give notice to joint account holders shall be discharged by giving the notice to any one of the joint
account holders.

The following provisions in this Clause shall apply where we are a partnership :
a) the General Terms and Conditions and all Specific Terms and Conditions shall continue to bind us notwithstanding any
change in our constitution, name or membership by reason of death, bankruptcy, retirement, mental incapacity,
disability, or admission of new partners or the occurrence of any other event which may dissolve the partnership or
otherwise affect our obligations thereunder;

BANK-INTERNAL 18
 b) upon any partner ceasing to be a member of our partnership by death or otherwise, the Bank may treat the surviving or
continuing partners or partner or other partners for the time being as having full power to carry on the business of our
partnership in the absence of written instruction to the contrary from us or any of us or the personal representatives or
trustees of any of us;
c) in the event of any of our partners ceasing to be a member of our partnership by death or otherwise and irrespective of
whether or not notice of such cessation shall have been given to the Bank, insofar as the liability of the outgoing
partner and/or his estate is concerned, a new or separate account shall be deemed to have been opened by our
partnership with the Bank immediately and as from the cessation and after such time all payments in any account
made by our partnership to the Bank shall (notwithstanding any legal or equitable rule of presumption to the contrary)
be placed to the credit of the new of separate account and shall not apply towards reduction of the amount due by our
partnership to the Bank.

Where I am/we are applying for any service or product or I/we become the holder of any account in the capacity as a
trustee, I/we represent and warrant that I/we have full authority and power under the trust to apply for and utilize the
relevant service or product and operate the account involved without restrictions or qualifications

12) Termination
The Bank may terminate any Specific Terms and Conditions or these General Term and Conditions or close any of my/our
accounts by giving reasonable prior notice to me/us. However, if, in the opinion of the Bank, any of my/our accounts is not
being maintained or any service is not being utilized by me/us in a manner satisfactory to the Bank, the Bank may close all
or any of my/our accounts, terminate any service or terminate any Specific Terms and Conditions or these General Terms
and Conditions immediately by giving notice to me/us. The Bank may also terminate any of my/our accounts without prior
notice to me/us under exceptional circumstances, for example, where the account is suspected of being used for criminal or
improper activities.

Upon termination of the General Terms and Conditions, all Specific Terms and Conditions shall be deemed to have been
terminated.

13) Amendments
The Bank may at any time amend, delete, replace or add any term of these General Terms and Conditions or any
Specific Terms and Conditions and inform / advise me/us.

Notice of amendment of these General Terms and Conditions or any Specific Terms and Conditions may be given in
any one of the following manners, which will be deemed to have been received by me/us at the time of publication by
the Bank :-
(a) press advertisement;
(b) prominent display of notice in the banking halls of the Bank;
(c) banks website

14) Notice
Any notice required to be given by the Bank to me/us shall be deemed to have been so given if addressed to me or
any one of us at the last known address of the recipient.

Any notice or communication delivered by the Bank personally shall be deemed to have been given and received by
me/us at the time of delivery.

Any notice dispatched by the Bank by letter postage prepaid shall be deemed to have been given and received by
me/us three days (in case of an address in India) or seven days (in case of an address outside India) after posting.

Any notice or communication sent by the Bank by facsimile, by e-mail or otherwise via the Internet shall be deemed to
have been given and received by me/us at the time of transmission.

Any notice or communication given by the Bank through press advertisement, banks website or display in the banking
halls shall be deemed given and received by me/us three banking days in Indianafter publication or posting.

15) AML and other matters

I/We agree to the Bank’s disclosure of any information and documents which the Bank considers reasonably necessary for the
purpose of compliance with any Anti-Money Laundering (AML) legislation applicable to the Bank and I/we further
undertake to make disclosure of any information and/or documents and grant to the Bank access to any corporate and
other documents for such purpose.

I/We agree and undertakes that I/we will not make any claim of any kind in any jurisdiction against the Bank or its successors,
agents or correspondents in respect of any delay, loss, damages, costs or expense which I/we may suffer, incur or
sustain directly or indirectly as a consequence the failure of the Bank or its successors, agents or correspondents to carry
out instructions or obligations, if the Bank, its successors, agents or correspondents reasonably believe that there may be
fraudulent activity or other crime affecting the transaction or they or any of them

BANK-INTERNAL 19
 are required not to comply with the instructions or obligations by any law, regulation, regulatory directives or court
order or due (directly or indirectly) to circumstances beyond the reasonable control of them or any of them preventing
them or any of them from offering a normal service (such as the failure of any machine, data processing system or
transmission link or due to industrial dispute, strikes, terrorist threat or force majeure).

15.3 I/We agree to indemnify and to keep indemnified the Bank and its successors, agents or correspondents against all
actions, proceedings, liabilities, demands, claims, damages, costs and expenses which the Bank and its successors,
agents or correspondents may suffer incur or sustain directly or indirectly as a consequence of the said fraudulent
activity or other crime affecting the transaction or the said circumstances or beyond the reasonable control of the
Bank, its successors, agents or correspondents.

16) Governing Law & Jurisdiction

These General Terms and Conditions and all Specific Terms and Conditions shall be governed by and construed in accordance with
the Indian laws.
Each transaction or its underlying investment or instrument shall be subject to the law of the jurisdiction where it is effected, made or
located and also the rules, regulations, guidelines, policies and directives of all relevant governmental and other regulatory bodies and
agencies.
I/We hereby irrevocably submit to the non- exclusive jurisdiction of the courts of India.

The following terms and conditions are sets of Specific Terms and Conditions mentioned in the General Terms and Conditions which
I/we have agreed with the Bank to be bound by. I/We may from time to time apply to the Bank to open one or more Current
Accounts, and/or Term Deposits. Such Current Accounts and Term Deposits (as the case may be) shall be subject to the General
Terms and Conditions, these Specific Terms and Conditions (as applicable) and such other terms as may be agreed between me/us
and the Bank in relation thereto.

B. Specific Terms and Conditions for Current Accounts:

1. A Current Account shall be in US Dollars (USD) or Euro (EUR) or Pound Sterling (GBP) currencies only.
2. A Current Account may only be opened with and continued in such minimum initial deposits as may be prescribed by the
Bank at its discretion from time to time.
3. Withdrawals may be made by way of SWIFT transfer after receipt of request signed (a) by me/us or the Authorized
Signatories for me/us or (b) at the counter the Bank by me/us or the Authorized Signatories for me/us when the Bank is
open for business.
4. No Cheque book facility shall be provided.
5. Drafts and other items may be received for collection but the proceeds will not be credited until after receipt of payment in
good and sufficient by the Bank
6. Other items paid in by me/us and which have been dishonoured may be returned by post to me/us at the last address
registered with the Bank at my/our own risk.
7. No interest is allowed or paid by the Bank on any credit balance in a Current Account.

C. Specific Terms and Conditions for Term Deposits:

1. I/We may from time to time establish and maintain Term Deposits with the Bank with such interest rate, tenor and currency
as may be agreed between me/us and the Bank before its establishment.
2. I / We agree that the interest rate applicable to each Term Deposit may be changed by the Bank without prior notice.
3. A Term Deposit may be withdrawn at any time before its maturity with prior agreement of the Bank and on such terms and
conditions as may be imposed by the Bank.
4. If no instruction is received by the Bank from me/us on the withdrawal of any Term Deposit before its maturity, the Bank
may (but is under no obligation to) renew the relevant deposit (so far as the Bank considers appropriate) on terms similar to
the matured deposit at the Bank’s prevailing interest rate at the time of renewal. Upon the renewal of a Term Deposit, the
Bank will place the principal and interest on the Term Deposit on the renewal deposit.
5. Subject to the Bank’s agreement, I/we may also swap my/our Term Deposits in any currency into another currency upon its
establishment and to swap it back into the original currency of the relevant deposit upon its maturity at such exchange
rate as may be agreed between the Bank and me/us prior to the establishment of the deposit.

Agreement:
 I/We agree to your above Terms and Conditions for Banking Services (which comprise the General Terms and Conditions
and the Specific Terms and Conditions therein referred to) as set out and provided in this document.
 I/We consent to the use of my/our personal data in accordance with your Notice relating to the use of Data.

(Main Applicant) (Joint Applicant) (Joint Applicant)

Date: Place:
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