TERMS AND CONDITIONS FOR OPENING OF SB ACCOUNTS

1. I af rm and declare that I have read over and understood the rules and regulations of the “Bank” and those relating to various services offered by the Bank including but not limiting
to debit card/internet banking/SMS banking/Tele-Banking/Mobile Banking/Virtual Banking and any other facilities. I agree to abide by the same as amended/modi ed from time to
time by the Bank/Regulator/Government published through circulars, noti cations, notice board/websites/newspaper publications, etc. I waive the rights, if any, to have personal
notice in respect of such amendments/modi cations.I agree that the transactions and requests executed in my account(s)through internet, mobile, tele - banking or virtual banking
under my User ID and password/PIN/OTP will be legally binding on me & I am responsible for the maintenance of secrecy and con dentiality of the authentication credentials and any
other information/details/OTP/PIN, etc., in such matters. I agree that Bank has got all the rights to debit my account for any service charge, expenses or other dues which the Bank is
entitled/ liable to recover from me. I also authorise the Bank and agree to close/discontinue my account without any notice to me (under normal circumstance, bank will not close
account without giving 30 days notice indicating reason closer ). I hereby undertake to inform the Bank on any change in my communication address or constitution.
2. In respect of accounts opened on the basis of Aadhaar details, I hereby declare that I have submitted the Aadhaar Card issued by UIDAI voluntarily for identi cation and /or address
proof towards the compliance of KYC norms under the PMLA, 2002 and I hereby consent that the Bank may verify the same with th e UIDAI and authorise the UIDAI expressly to
release the identity and address through biometric authentication to theBank. I wish to seed this account with NPCI mapper to enable me to receive Direct Bene t Transfer (DBT)
including LPG Subsidy from Govt of India (GOI) in this account. I understand that if more than one bene t transfer is due to me, I will receive all the bene t transfer in this account.
3. I con rm and declare that I am not prevented/prohibited/restricted by any applicable legal/regulatory/contractual or other provisions from opening and/or maintaining the accounts
or to transact with the Bank in any other way.
4. I agree that my personal KYC details may be shared with Central KYC registry or any other competent authority. I hereby consent to receive information from the Bank / Central KYC
Registry / GoI/RBI or any other authority through SMS/e-mail on my registered mobile number/ e-mail address. I also agree that the non-receipt of any such SMS/e-mail shall not make
the Bank liable for any loss or damage whatsoever in nature.
5. I hereby certify that I have declared my status as per the rules applicable under section 285BA of the Income Tax Act, 1961 as noti ed by Central Board of Direct Taxes (CBDT) vide
Noti cation No. S.O. 2155(E) dated 7 August 2015 and RBI Circular Ref No. DBR.AML.BC.No.36/ 14.01.001/2015 -16 dated 28 August 2015 in the matter including any subsequent
modi cation/amendment thereof.
6. I understand, acknowledge and authorize that as per the provisions of Income Tax Act, Rules made thereunder and the guidelines issued by the Government/RBI in the matter,
depending upon the residential status and/or other criteria stipulated therein, the Bank may have to report the details in respect of my account(s) as per the prescribed format to the
Central Board of Direct Taxes (CBDT)or other Government Agencies to comply with the obligations as per the Inter- Governmental Agreements (IGA) in respect of Foreign Accounts
Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) and / or any other similar arrangements.
7. I certify & declare that the information provided by me for opening of account and availing of other services herein or through website/electronically as applicable to me of
signed/authenticated by me as well as in the documentary evidence provided by me for opening account and availing other services are, to the best of my knowledge and belief, true,
correct and complete and that I have not withheld any material information that may affect the assessment/categorization of my account as a U.S. Reportable Account or Other
Reportable Account or otherwise. In case any of the information or details provided by me is found to be false or untrue or misleading or misrepresenting, I am aware that I may be
held liable for it.
8. I undertake the responsibility to declare and disclose immediately and in no case beyond 30 days from the date of change, any changes that may take place in the information
provided herein / or otherwise, as well as in the documentary evidence provided by me or if any certi cation becomes incorrect or undergoes a change. I further undertake to provide
fresh and valid self–certi cation along with documentary evidence as and when so required; nevertheless all declaration and undertaking given herein wil l also be applicable to all
such modi ed/amended document/information provided by me unless revised self–certi cation as above is provided to the Bank.
9. I also agree that my failure to disclose any material fact/information known to me now or in future or my failure to remedy any de ciency in documents/information/other details
within the stipulated period, may invalidate me from transacting in the account and the Bank would be within its right to put restrictions in the operations of my account or to close it
or to report to any regulator and/or any authority designated by the Government of India(GoI)/RBI for the said purpose or take any other action as may be deemed appropriate by the
Bank under the guidelines issued by CBDT / RBI / GoI from time to time.
10. I also agree to furnish and intimate to the Bank any other particulars that are called upon me to provide on account of any change in law either in India or abroad in the above matter
or otherwise.
11. I shall indemnify the Bank from any loss/damage that may be caused to the Bank on account of any defect/mistake in the details provided herein or on account of providing incorrect
or incomplete information by me.
12. I undertake to submit data/information together with fresh KYC documents for updation of KYC details at periodical intervals as may be required by the Bank.
13. I understand that the account will be activated and debits will be allowed only after completion of Customer Due Diligence relating to KYC by the Bank.
14. In case the account is opened without PAN, I undertake to submit PAN on or before such date as may be noti ed by the Government of India, failing which the account shall cease to be
operational till the time PAN is submitted, as per Prevention of Money -Laundering (Maintenance of Records ) Rules 2005.
15. In case, deemed OVDs are submitted for Current Address at the time of Account opening, I undertake to submit Aadhaar or any of the OVD having Current Address within 3 months from
the date of account opening, failing which I understand that my account may cease to be operational as per GOI guidelines at the material time.
16. I have received the Welcome Kit containing INB Kit and ATM card/cheque book and understand that in case of any misuse/misplacement of the contents of the Kit, the Bank will not be
liable for any loss/damage.
17. I hereby certify that the Savings Bank Account would be used by me to route transactions of only non-business/non-commercial nature. In the event of occurrence of such transactions or
any such transactions that may be construed as commercial/business/dubious or undesirable, the Bank reserves the right to unilaterally freeze operations in such accounts and /or close the
account.
18. I have been advised of Monthly Average Balance (MAB) requirement for the account to be opened and given to understand that these requirements are subject to revision/changes and
such revision / changes will be uploaded in the Bank's site which will be acceptable to me as a notice to that effect.
19. I con rm that the product features of BSBD account have been explained to me(applicable to BSBD account applicant)
20. I acknowledge receipt of rules and regulations of Savings Bank Account.
21. I have been advised that if I do not provide my mobile number, I will not be eligible for any facility of electronic transactions other than ATM cash withdrawals.
22. (Applicable for accounts opened for credit of Social Welfare Bene ts) I understand that this account will be opened under BSBD category. I also understand that in case, I do not wish to
continue in this BSBD account, and switch over to Regular Savings Bank account, I will have to maintain the Monthly Average Balance (MAB) applicable for Regular Savings Bank Account .I
therefore undertake to maintain MAB in the account if I switch over to Regular Savings Bank Account from BSBD.
23. (Applicable for accounts opened in the name of Minors) I understand that the requirements of Monthly Average Balance (MAB) and penalty for non-maintenance will be applicable in this
account once the applicant becomes Major. I therefore undertake to maintain Average Monthly Balance(AMB) from the date of attaining majority.
24. I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I 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 aware that I may be held liable for it.
25. I/We con rm that the product features of account have been explained to me.
26. I acknowledge receipt of rules and regulations of Savings Bank Account.

(Signature of the Applicants/Thumb impression of the Applicants) (Signature of the Applicants/Thumb impression of the Applicants)

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05

ACKNOWLEDGEMENT DA-1

We acknowledge receipt of nomination made by you in favour of: Date:

Name of the Nominee ...................................................................................... Age: .................... Years: ...................... Yours faithfully

With respect to your Account Number ......................................................................................

Registration No. Signature of Bank Of cial with Seal