Comprehensive Guide to Account Opening and Closure Procedures
Detailed guide covering KYC application, operation of accounts, closure procedures, individual and business account holders, and legal aspects. Includes steps for proof of residence, specimen signatures, and nomination. Explains account closure directions, history, process, and security measures. Suitable for both individuals and entities.
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Presentation Transcript
KYC Application Form Introduction of the Applicant Proof of Residence Specimen Signature Nomination Opening the Account 1. 2. 3. 4. 5. 6. 7.
A) Operation of Current and Saving Accounts 1. Pay-in-slip or Pay- in-slip Book
A) Closure of Accounts: 1.Directions by Customers 2. Direction by the Banker 3. Termination of Account by the Banker 4. Death of Customer 5. Instability of a Customer 6. Insolvency of a Customer 7. Notice of Assignment
1. History 2. Process 3. Security
1. Individual Account Holders (Single or Joint) a) Illiterate b) Minor c) Married Woman d) Pardashin Woman e) Non Resident Accounts f) Joint Account
Sole Proprietorship a. b. Partnership Firm c. Joint stock Company d. Hindu Undivided Family e. Societies, Clubs, Charitable Institutions and Associations f. Trust
