Evolution of Banking

Overview
Banking Origins
Objectives
• List the highlights of the development of banking
• List the role of banks
• Identify the types of risk and income for banks
• Identify the types of customer
• List the banking regulations in India
Etymology
• The word, ‘bank’ is derived from the Italian word
‘benca’ that means ‘bench’ or ‘counter’.

• In other languages, the equivalent word was often

phonetically similar, for e.g.
o In German, the word used was ‘banc’
o In Greek, the word used was ‘banque’
Origin of Banking
• The Roman period witnessed the earliest known
banking activities
• Wealth accumulated due to trade between countries
• A method of safe-keeping of valuables evolved
• As an acknowledgement, receipts were issued, which
evolved into cheques
• Safe-keepers later evolved into banks by offering
fund transfer facility and later, credit facilities
 Development of Banking

The highlights of the development of banking are:

1. 600 BC: Pythius emerged as the earliest known
banker.
2. 1156 AD: Bill of exchange was introduced.
3. 1401 AD: Bank of Barcelona emerged as the earliest
known bank.
4. 1694 AD: The concept of Double Entry Book
Keeping was introduced.
Development of Banking in India
1. 1809: Bank of Bengal
2. 1865: Allahabad Bank
3. 1921: Imperial Bank was formed by merging:
o Bank of Bengal
o Bank of Bombay
o Bank of Madras
4. 1935: Reserve Bank of India (RBI)
5. 1955: Imperial Bank was renamed ‘State Bank of India’
Definition of Banking in India
Section 5(b) of the Banking Regulation Act (BR Act),
1949 defines banking as “accepting, for the purpose of
lending and investments, of deposits of money from
the public, repayable on demand or otherwise, and
withdrawable by cheque, draft, order or otherwise”.
History Of Banking in India
Transition of Banking in India
CONSOLIDATION OF PUBLIC SECTOR BANKS
Banking Today
Structure of Indian Banking
System
Financial Intermediaries

Banks

Financial
Institutions

Non - Banking
Finance Companies
 Indian Banking System

Reserve Bank of India

Banking Finance Cos NBFCs

Commercial Co-op Banks (

Banks Scheduled )[54] Local Area Banks
Regional Rural (Non
State Level
SBI Banks (66) scheduled)(4)
(38) 1.Coastal LAB AP
2.Capital LAB
Public Sector District Level Old Punjab
Banks (12) Generation
3.Krishna Bheema
Urban co-op Samruddhi LAB
Private Sector (52) Banks (14) (AP)
Banks (21) New 4.Subhadra LAB
Foreign Banks (Maharashtra)
PACS Generation
(46)
Banks (12)
NEW PUBLIC SECTOR BANKS AFTER MERGER
TOP Private Banks In India
TOP Foreign Banks In India
TOP Small Finance Banks in India
TOP 5 PAYMENT BANKS IN INDIA
 New Banks opened / to be opened

i) IDFC
ii) Bandhan Bank

Small Banks- AU
Finance, - Janalaxmi,
Equitas, Ujjivan, Payment Banks – (8) Post
Capital Area Banks office, PayTM etc. Airtel M
and many Micro commerce, Finopaytec, NSDL,
Finance Companies RIL, Vodaphone M Pesa
(Ujjivan, Utkarsh ) Airtel Payment Banketc
 Small Finance Banks
Au Financiers (India) Ltd., Jaipur
Capital Local Area Bank Ltd., Jalandhar
Disha Microfin Private Ltd., Ahmedabad
Equitas Holdings P Limited, Chennai
ESAF Microfinance and Investments Private Ltd., Chennai
Janalakshmi Financial Services Private Limited, Bengaluru
RGVN (North East) Microfinance Limited, Guwahati
Suryoday Micro Finance Private Ltd., Navi Mumbai
Ujjivan Financial Services Private Ltd., Bengaluru
Utkarsh Micro Finance Private Ltd., Varanasi
Importance and primary functions of financial system

The mobilization of savings

Their distribution for industrial investment

Stimulating capital formation

To accelerate the process of economic growth

4 phases of Banking Evolution in India
 Phase 1 – Till 1968

Banking in India goes back to the 18th century

The first two banks, Bank of Hindustan and General Bank of India, were established in 1770 and
1786 respectively. Bank of Bengal, Bank of Madras and Bank of Calcutta-Imperial Bank-(Now SBI)

Public sector Banks, Private Banks, Co-operative banks, Regional Rural Banks, Development Banks,
Payment Banks and Small Banks. – are the part of the Indian Financial System.

Nationalisation of RBI in 1947. Banking Regulation Act 1949.

Phase – 2 – 1969 to 1990

Post Nationalisation period

Most of the present day leading commercial banks established in early 20th century) -
1969-90

Nationalisation of major 14 Banks in July 1969

Class Banking to Mass Banking. (Social Banking era)

Massive branch expansion – rural areas

Nationalisation of 6 more banks in April 1980

Mechanization & computerization introduced .

Phase – 3 – 1991 to 2000

Establishment of
Banking sector reforms
Narasimhan Committee
introduced i.e., Micro-finance Scheme –
to improve Productivity, Introduction of Banking
Liberalisation, linking SHGs. (Self Help
Efficiency & Profitability, Ombudsman Scheme.
Privatisation Groups)
operational flexibility &
&Globalisation - (L P G )
functional autonomy.
Phase – 4 – After 2000

Emergence of Universal banking

Revolution of I.T.

Payment & settlement system

Risk Management - Introduction of Risk Based Supervision

Mergers & Amalgamations

Corporate Governance

Financial Inclusion

Bank Branch licensing

 Role of Financial Institutions/Banks/Markets

Constituent of Payment &

Settlement system

Banks/FIs/Money
Markets

Financial
Financial
Services
Intermediary
Provider
 Financial Intermediary

Thus Fis/Banks/Markets
Collects
Invests or Lends connects the saver and
Deposits/Funds/Resources
investor
 Financial intermediary

Liabilities Assets
1 Demand Deposits - CASA 1 Loans and advances
a Current account a Retail Loans
b Savings account i) Personal Loan, Home Loan, Car
Loan, Credit Card Loan
2 Term deposits B Business Loans
a Fixed Deposits i) Cash credit, OD, Term Loan
B Recurring Deposits C Trade Finance
i) Bills Purchase, Bills Discounting,
Bill Negotiation
ii) Foreign Bills Purchase, Foreign
Bills Discounting, Foreign Bills
Negotiation
 Bank as a Constituent of Payment System

Cash remittance Demand Draft / ECS / NEFT /

/ payments Pay Orders etc RTGS / IMPS

Foreign remittances Travel Card

Collection of cheques and Bills

 Financial services of Banks

Distribution
Collection Safe keeping
Third party
Taxes, Utility bills Safe custody, Safe
products – LI, MF,
etc deposit lockers
Gold coins etc

Demat services Advisory services

Scheduled and Un-Scheduled Banks (1 of 2)

Scheduled commercial Banks constitute those banks which have been

included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934.

RBI in turn includes only those banks in this schedule which satisfy the
criteria laid down vide section 42 (6) (a) of the Act.

The following conditions must be fulfilled before a Bank is included in the

second schedule.

1) It must have a paid up capital and reserve of an aggregate value

of not less than five lakhs of rupees
• 2) It must satisfy the RBI that its affairs are not being conducted in a manner detrimental
to the interest of its depositors and
Scheduled and Un-scheduled banks(2 of 2)

It must be a state co-operative Bank or a company as defined in Sec.3 of the

companies Act,1956 or an institution notified by the central Govt in this
behalf or a corporation or a company incorporated by or under any law in
force in any place outside India.

Scheduled commercial banks are required to maintain CRR and SLR

requirements.

These Banks also enjoy certain principles e.g., they can approach the RBI for
financial assistance under Sec 17 of the RBI
COMMERCIAL BANKS—PSBs (1 of 2)

Have wide network of Branches

Public Sector banks-SBI and its associates (5)

Nationalised Banks-(19)14 banks on19-07-1969

and 6 banks on 15.04.1980

SBI established under SBI act 1955 and Subsidiary Banks

under SBI(Sub.Banks) act 1959

Nationalized Banks set up under Banking co (Acq &

Transfer Of undertakings) act 1970 and 1980.

SBI act as agent of RBI

SBI and other PSBs have enlarged Capital by issuing

shares to the public.
COMMERCIAL BANKS—PSBs (1 of 2)
Were set up as
Joint stock
companies under
Cos Act or as
Public
Corporation
Function on under acts of
parliament. Have access to
sound business
RBI.
principles

Have wide area

Are governed by
of network for
all sections of BR
opening
act 1949.
Branches.

Started lending In Till 1969 were

rural and semi- urban oriented
urban areas for and financed
Agricultural and Trade and
other PSA Industry.
PRIVATE SECTOR BANKS
Narasimham
Committee on
Financial
Sector
(1991)recom
mended for In Jan 2001,
setting up of paid up
Private sector capital raised
banks. RBI New banks to Rs.200
issued required to be crore and
guidelines for registered NBFcs were
setting up[ of with paid up permitted to
Private banks capital of Rs. convert as
in Jan 1993 100 crore Private banks

New Gen 8 new banks

banks are set up. UTI,
tech savvy ICICI. IDBI.
HDFC,(TIMES
BANK merged
with HDFC)
LOCAL AREA BANKS (LABs)

In
1996,Govt.allow Public limited
Minimum paid
ed new LABs, Companies,
up capital is Rs.5
for promoting Individuals, Jurisdiction:
crore with
Rural and semi companies, Maximum 3 LABs allowed to
promoter
urban savings trusts and contiguous open Branches.
contribution of
and proving societies were Districts.
at least Rs.2
credit for viable permitted to set
crore.
activities in local up LABs
area
The Regional Rural Banks: Low cost banks (1 of 2)

Regional Rural Banks

are part of the
commercial banking
segment and were
specifically set up for Set up under RRB Act Authorised share capital
RRBs to have combined
improving banking 1976, as co-op banks was Rs.1 crore to be
touch of local feel and
access in rural and semi and commercial banks shared by GOI, State
modern business,
urban areas and to give failed to meet the credit Govt and sponsor bank
commercial discipline.
a thrust to priority needs in the ratio of 50:15:35
sector lending-
agriculture, rural
industries, self
employed etc
The Regional Rural Banks: Low cost banks (1 of 2)

RRB(Amendment )Act 1987, stipulated the authorized capital of each

RRB to be Rs.5 crore and paid up capital to be Rs.1 crore

Business:Loans to Agriculturalist, SF/MF/societies/ artisans, rural poor

RRBs are low cost banks and salary structures of the employees is similar
to state government employees

Sponsor banks to assists in imparting trainings to staff, provide

managerial assistance, monitor progress, conduct inspections, internal
audit and security
The Regional Rural Banks: Low cost banks (1 of 2)

Deposits with
RRBs avail RRBs insured
Refinance with Deposit
from NABARD Insurance and
and sponsor credit
banks guarantee
corporation
Co-operative banks (1 of 2)

Co-operative banking is wide

spread and has many tiers.
Urban Co-operative Banks, State
Co-operative bank, District
Central Co-operative Banks,
Have 3 tier setup: State level
State Cooperative Agriculture &
apex institution, Dist co-op banks
Rural Development Banks,
and primary credit societies at
Primary Co-operative Agriculture
Village level.
& Rural Development Banks are
the constituent members of the
co-operative credit structure Co-
Op banks set up under Co-Op
societies act of different states.
Co-operative banks (1 of 2)

Function in
given area.

A few sections Are Rural

of BR Act 1949 oriented and
are applicable finance
to Co- Agricultural &
operative allied
banks. activities.

Only state Co-

Run on
operative
principle of
banks have
co-operation.
access to RBI.
Role of Banks
• Financial intermediary
• Catalytic agent
• Promoter of economic growth of the country
• Counsellor
• Provider of payment and collection system
• Provider of financial services
Types of Risk in Financial Intermediation

For the Banker For the Depositors

Credit risk Loss of investment
Interest rate risk Return on bank
investment is less
than the market
rate
Operational risk Failure of service
Income for Banks
• Interest on loans
• Fee-based income
• Forex business
• Return on investments made in capital and trading
activities
Types of Customers
• Individuals
• Partnership and other firms
• Companies
• Trusts, associations, clubs, and societies
• Governments and their departments
Banking Regulations in India
Banks in India are regulated by:
• Banking Regulation Act
• Reserve Bank of India Act
• Prevention of Money Laundering Act
• Foreign Exchange Management Act
Co-operative banks are regulated as follows:
• State Governments regulate the co-operative banks
under their jurisdiction
• The Union Government regulate multi-state co-
operative banks
Summary
• Highlights of the development of banking
• Role of banks
• Types of risk and income for banks
• Types of customer
• Banking regulations in India
Types of Customers
Overview
Objectives
• Define customer
• Explain various types of customers and accounts
• List banker-customer relationships
Who is a Customer?
According to RBI’s KYC guidelines, a customer is:
• A person or an entity who maintains an account
and/or has a business relationship with the bank
• One on whose behalf the account is maintained (i.e.
the beneficial owner)
• Beneficiaries of transactions conducted by
professional intermediaries
• Any person or entity connected with a financial
transaction, which can pose significant reputational
or other risks to the bank
Types of Accounts
• Individual Accounts
• Hindu Undivided Family Accounts
• Proprietorship Accounts
• Partnership Accounts
• Company Accounts
• Trust Accounts
• Club, Association, Society Accounts
• Self Help Group Accounts
• Government Department Accounts
Individuals-Single Accounts
• Single accounts: Account in the name of one individual
and operated by the same individual
• Mandate - An authority given by the account holder to
another person (mandate holder)to operate his account
and authenticity to be verified
• Power of Attorney - A registered document duly
stamped, by which the account holder grants certain
power to another person and authenticity to be verified
o It may be specific or general
o This authority can be withdrawn at any time at the
desire of the account holder
Executors and Administrators
• Executor: Person named in the will left by the
customer. He will assist in distributing the assets of
the deceased customer
• Probate: Will certified by the court
• Administrator: Executor appointed by court through
a letter of administration
Individuals-Joint Accounts
When two or more individuals join to open an account,
it is called as Joint Account.

Mode of operations
• Both Jointly: operated by both together
• Either or Survivor: any one can operate
• Former or Survivor: operated by former
Nomination (1 of 2)
• Nominee is the person appointed by the account
holder/s to receive money after his death
• Nomination is compulsory for single accounts and
optional for joint accounts
• Account holder can nominate only one person in
deposit accounts
• Nominee is a trustee for legal heirs
Nomination (2 of 2)
• Nominee should produce death certificate of the
customer and a proof of his own identity
• Bank is discharged of its liability if it makes the
payment to the nominee after due identification
• Even a minor can be made nominee
• In such cases, minor’s DOB and the guardian’s name
should be furnished
• In a joint account, signatures of all depositors are
required for changing/cancelling of nomination
Nomination: Rules and Forms
• Rule 2(1) of Banking Companies (Nomination) Rules,
1985
• Section 45 ZA of Banking Regulation Act, 1949
• Form DA 1: for fresh nomination
• Form DA 2: for cancellation of nomination
• Form DA 3: for variation of nomination
RBI has mandated that the name of nominee must be
printed in the savings account pass book of the account
holder
Special Type of Customer: Minor
A minor is a person who has not completed 18 years of
age.

Type of Guardian Authority

Natural Guardian Mother/Father
Testamentary Appointed by Will of
Guardian Minor’s Father
Legal Guardian Appointed by Court

Some banks open self operated SB accounts if the

person is 10 years and above.
Special Type of Customer: Minor
Act Section Description
Indian Contract Act, 1872 Section 11 Any contract with minor
is null and void
Indian Majority Act, 1875 Section 3 One who has not
completed 18 years of
age
Negotiable Instrument Section 26 Can draw, endorse or
Act, 1881 negotiate a cheque but
cannot be held liable
Indian Partnership Act, Section 30 Can be admitted to the
1932 benefits of partnership
with the consent of other
partners
Hindu Minority and Section 6 Father/mother shall be
Guardianship Act, 1956 the natural guardian
Special Type of Customer: Illiterate
• A person who cannot read or write
• For entering an agreement he should put his thumb
impression duly witnessed
• For withdrawing cash, he should come to the branch, affix
thumb impression in front of bank official duly witnessed
• Bank official to verify photograph of customer to confirm his
identity
• Banks to ensure customers understand terms/conditions
• Banker should educate the customer to open a joint account
with a close, literate, blood relative in his own interest
• If he wants to open an individual account, bank has to oblige
him
Special Type of Customer: Blind Person
• Is fully competent to enter into a valid contract
• For entering into an agreement he should lay his
thumb impression duly witnessed
• Cash payment or deposits should be made in the
presence of a witness, preferably a customer of the
bank
• Banks are now venturing to provide ATMs installed as
talking ATMs with Braille keypads
• Married Women
• Purdanashin
• Mentally retarded person
• Incapacitated person
• Politically Exposed Person
• NRIs
Hindu Undivided Family (HUF) Accounts
• A legal entity with a perpetual existence, Registration is
not necessary
• All male and (female members in case of Dayabhaga
school of thought in Bengal and Assam) are called
coparceners
• Karta, the eldest member is the manager of the business
• To open an account, all members have to authorize the
karta to operate the account
• On the death of the karta, next eldest member will
become the karta
• Death/insanity/insolvency of any of the coparceners does
not result in the dissolution of the HUF
• HUF will cease to exist only when the property is
partitioned
Proprietorship Accounts
• Business unit owned by an individual
• Business need not necessarily have to be named
after the individual
• He is entirely liable for any debt of the business
• He has to sign cheques on behalf of the business
Partnership Accounts /
Limited Liability Partnership(LLC)(Partnership Act Not
applicable)
• Indian Partnership Act, 1932 - the relationship between two
or more persons who agree to share profits of business
carried on by all or any of them acting for all
• Min. no. of partners is 2 and max. no. is 50
• Partnership may be orally agreed upon or in writing called as
partnership deed and must be stamped as per state
government stamp duty
• Bank should obtain partnership deed and partnership letter
from all the partners indicating the partners who are
authorized to operate the account
• Partnership is dissolved on the death/retirement/insolvency
of a partner, by mutual agreement or by operation of law
• Clayton’s Rule
Company Accounts: Companies Act, 1956
• Can be private/public limited /Government companies
• Features - Legal entity , perpetual existence, common seal
• Private Limited: min of 2, max of 200 (share holders)
• Public Limited: min of 7, max is unlimited (share holders)
• Documents required:
o Memorandum of Association – Object clause
o Articles of Association – Rules and regulations
o Certificate of Incorporation – Issued by Registrar of
companies
o Certificate of Commencement of Business (Public &
PRIVATE Limited Companies)
o Board Resolution – For operation of bank accounts
Trust Accounts: Indian Trust Act, 1882
• Author /Creator/Donor– person Creating & transferring
ownership
• Trustee - person in whose favor the possession is transferred
• Beneficiary - person for whose benefit the trust is formed
• Trusts are created for specific purposes
• Trust deed is the basis for trust
• Trust deed must be obtained and identification of trustees
must be established by bank
• Trusts can be private trust or public trust
• All charitable trusts must be registered with the
Commissioner of Charity and certificate of registration must
be obtained
Club, Association and Society Accounts
• Non-profit making organizations
• Co-operative societies have to be registered with the
Registrar of Co-operative Societies and other
societies have to be registered with Registrar of
Assurances
• Bye laws framed by these institutions will be the
basis for their functioning
• Bank should obtain a certified copy of the
registration certificate, bye laws and resolution
passed by the committee
• Banks to ensure due diligence in the operations of
these accounts
Self-Help Group Accounts
• Unregistered associations with a maximum
membership of 20 members
• Bye Laws as per NABARD guidelines
• The secretary and the treasurer are authorized to
operate the account
• Resolutions passed by the group as a whole
Government Department Accounts
• Can open savings account provided they do not receive
any budgetary funds
• Normally, these accounts are operated by the officials
authorized by the government department
• Such authorizations have to be obtained by banks while
opening accounts for government bodies
RBI guidelines-SB account should not be opened for:
• Municipal Corporations or Municipal Committees
• Panchayat Samitis
• State Housing Boards
• Other government bodies receiving budgetary allocation
Banker-Customer Relationships
Banker Customer
Debtor Creditor
Creditor Debtor
Guarantor Beneficiary
Agent Principal
Bailee Bailor
Pledgee Pledgor
Mortgagee Mortgagor
Hypothecatee Hypothecator
Advisor Client
Trustee Beneficiary
Indemnifier Beneficiary
Lessor Lessee
Termination of Relationship
The relationship between the banker and customer is
terminated under the following circumstances:
• On closure of account by customer
• On death of customer
• When customer is declared as insolvent by courts

The bank will exercise its authority to terminate the

relation when the customer is violating stipulated
terms and conditions.
Summary
• Definition of a customer
• Banker-customer relationship
• Types of customers and accounts
 ACCOUNT OPENING FORM FOR RESIDENT INDIVIDUAL (PART -I)
(Must accompanied with Terms and Conditions)
CUSTOMER INFORMATION SHEET (CIF Creation/Amendment)
Date D D M M Y Y Y Y
(In case of joint accounts, Part -I (CIF Sheet) and Terms & Conditions to be taken for each customer)

Branch Name Branch Code

Fields marked asterix (*) are mandatory.Please �ll up in BLOCK letters only and use black ink for signature Bank/Branch to a�x rubber stamp of
(For o�ce use only) name and code no.

Customer ID Application type New Update

Account No. CKYC No.

(Mandatory for CKYC update request)
Account type Normal Small Minor
Sta� PF NO.

A Personal Details

1.Name*: F I R S T N A M E M I D D L E N A M E
(Same as ID Proof)
L A S T N A M E

2.Maiden Name : F I R S T N A M E M I D D L E N A M E L A S T N A M E

3.Date of Birth*: D D M M Y Y Y Y 4.Gender* Male Female Third Gender

5.Marital Status Married Unmarried Single Divorced Living Apart. Defacto

6.Name of Father Mother Spouse*

F I R S T N A M E M I D D L E N A M E L A S T N A M E
(Father's name is mandatory if PAN is not provided)
7.No. of Dependents 8.Illiterate YES NO if yes : Identi�cation Marks :

9.Name of Guardian F I R S T N A M E M I D D L E N A M E L A S T N A M E

(In Case Of Minor*) Relationship with Guardian

10.Nationality: In-Indian Others Country Name 11.Citizenship:

12.Occupation Type Service State Govt. Central Govt. Public Sector Undertaking Defence Pvt. Sector

Business Industrialist Trade Sect. Serv. Sect Migrant Labour Contractor Jeweller / Bullion Trader Pawn Shop

Import / Export Customer Other Self Employed

Others Medical Prof. Legal Prof. CA/ICWA/Taxation/ Finance Eng./Architect/Tech. Consultant Retired Journalist

Housewife Student Share and Stock Broker Oth. Professional Agriculture Political / Social Worker

X-Not categorised-Please specify

13.Organization's Name: Designation/Profession:

Nature of Business:

14. Annual Income Rs. 15.Net Worth (approx value) Rs.

16.Religion: Hindu Muslim Christian Sikh Others

17.Category: General OBC SC ST

18.Person with disability Yes No If yes, i. Visually impaired ii. Di�erently abled

19.Educational Quali�cation: upto 9th Class passed 10th Class passed Graduate (Gen.) Post Graduate(Gen.)

Med. Graduate/Post Graduate Eng. Graduate/Post Graduate Law Gradutae/Post Graduate

CA/ICWA/MBA/CFA Computer Degree/Diploma/MCA Other Professional Degree/Diploma Illiterate

20.Please Tick the Applicable box*: Politically exposed Person Related to politically Exposed Person None

(Politically Exposed Persons are individuals who are or have been entrusted with prominent public functions in a foreign countary e.g. Heads of State / Governments , Senior Politicians / Senior Governments/
Judicials /Military O�cers, Senior Executives of State-owned Corporations, important Political Party O�cials, etc.)

21.Country of Tax Residence in India only and not in any other country or territory outside India* Yes No (If No, please �ll the FATCA details form - Annexure II)

22.PAN* (If PAN is not submitted, submit Form 60 - Annexure I)

B Contact Details (All communications will be sent on provided Mobile No./Email-ID)

Mobile No. Email ID

STD Tel. (O�): S T D

Tel. (Res):
S T D

1
C Proof of Identity/Address (Please tick the appropriate Box (any one ID type) and give details)*

A-PASSPORT B-VOTER'S IDENTITY CARD C-DRIVING LICENCE D-Proof of possession of Aadhaar Number (Veri�cation E-KYC O�ine

E-NREGA JOB CARD F-LETTER ISSUED BY NATIONAL POPULATION REGISTER CONTAINING DETAILS OF NAME & ADDRESS

Document No/Identi�cation Number*

Issued By

Issue Date:* D D M M Y Y Y Y Expiry Date (If applicable):* D D M M Y Y Y Y

Small Accounts : Only Self Attested Photograph

D Address details Current Permanent Overseas

Address type* Residential/Business Residential Business Registered O�ce Unspeci�ed

Address*

City/Village* District*:

State:* Pin:* Country Name*

E Address details Correspondence Local Same as Current/Permanent Address

Address type* Residential/Business Residential Business Registered O�ce Unspeci�ed

Address*

City/Village* District*:

State:* Pin:* Country Name*

F If the O�cally Valid Document (OVD) does not contain current address-please provide any of the documents below.

Utility Bill PPO/FPPO Property or Municipal tax receipt

Letter of allotment of accomodation issued by employer/ issued by State or Central Government departments, statutory or regulatory bodies, Public sector undertaking, scheduled commercial banks,
�nancial institutions and listed companies. Similarly, leave and license agreements with such employers allotting o�cial accomodation.
Self-Declaration ( If Aadhar is voulatray provided for identi�cation purpose and current address is di�erent form address avilable in Central Identities Data Repository Authentication of Aadhaar number
using e-KYC authentication facility providede by the UIDAI is mandatory)

Document No. Date D D M M Y Y Y Y

G DECLARATION CUM UNDERTAKING CUM SELF–CERTIFICATION

1. I have read the copy of Terms and Conditions of the Account Opening Form given to me. The Terms and Conditions have been explained to me/us and having understood, I accept the same.
2. 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
3. I hereby consent that the Bank may verify the same with the UIDAI and authorise the UIDAI expressly to release the identity and address

through biometric / OTP based authentication to the Bank. YES NO (E-KYC authentication and Aadhaar seeding is mandatory for availing DBT bene�t)

PHOTO*
Please Paste Signature/Thumb impression of the Applicant
Please sign in black ink only
Recent passport Size
(Do not Staple)

Place Date D D M M Y Y Y Y

H FOR OFFICE USE Documents received Self-certi�ed True Copies Notary

i.Self-certi�cation & documents received as part of account opening process have been veri�ed and found correct.
ii.Certi�ed that Copy of Terms and Conditions signed by Customer obtained
iii.Certi�ed that the implications and conditions for the operation of the account have been explained to the depositor (only in case of illiterate applicant)

iv.Threshold Limt v. BIS Organistion Code vi. Customer Segment

vii. Depositor Illiterate Blind Sta� Risk Category:* High Medium Low

Details of one or two identi�cation marks, if any, such as a mole or scar (mandatory for illiterate applicant) Permitted to open CIF
In person veri�cation carried out and Signature/LTI of the applicant veri�ed.

O�cial Name: PF No. Designation

Date D D M M Y Y Y Y SS No. Signature

2
 ACCOUNT OPENING FORM FOR INDIVIDUAL (PART -II)
(SAVING BANK, CURRENT ACCOUNT AND TERM DEPOSITS)
Fields marked asterix (*) are mandatory. Please �ll up in BLOCK letters only and use black ink for signature
(For o�ce use only) Date D D M M Y Y Y Y

First Applicant Customer ID

Second Applicant Customer ID Bank / Branch to a�x rubber stamp of

name and code no.

Account No.

I/We request you to open my / our deposit account with your branch / bank as under: (Tick (√) relevant type of account)

A Type of Account

Savings Bank Account BSBDA BSBDA Small Account Current Account (Individual) Fixed Deposit / MOD / RD Caps Gain (SB)

B Mode of Operation

Self Either or Survivor Former or Survivor Any one or Survivor Jointly Operated Other____________

C Services Required

1 ATM-CUM-DEBIT CARD Name as would appear on the card Card Type

Ist Applicant 2nd Applicant
1st Applicant Yes No
a) Rupay a) Rupay
2nd Applicant Yes No
b) Visa b) Visa

Additional Factor of authentication is not mandotory for transactions on International E-Commerce merchants.Card will be supplied with Interantional c) Master c) Master
transactions disabled status which can be enabled with avilable channel as and when required.Card can be used for Conatactless transaction upto limit
prescibed by the Banks from time to time without PIN.

(Mobile no. is mandatory for services 2 to 6)

2. CHEQUE BOOK Yes No 4. SMS ALERTS on Registered mobile number Yes No
(Only for Regular SB/Current Accounts/Caps Gain(SB)
(Not available for Regular BSBD/Small Accounts)
5. PHONE BANKING SERVICES: Yes No
3. INTERNET BANKING REQUIRED:
Transaction rights required
6. MOBILE BANKING : Yes No
1st Applicant Yes No
7. PASSBOOK REQUIRED:
2nd Applicant Yes No (For Savings Bank Account) Yes No

(Available only for singly operated accounts and joint accounts operated by Either or Survivor mode. 8. e-Statement (at monthly intervals),
In case of accounts operated as Former or Survivor mode INB facility is available to 1st applicant only) in lieu of paper copy: Required Not Required

D Fixed Deposit : For the following products/facilities, please furnish options/details:

TERM DEPOSIT TERM DEPOSIT (REINVESTMENT) ANNUITY DEPOSIT TAX SAVING SCHEME CAPS GAIN (TDR)

Amount: Rs. Rs. (in words)…………………………………………………………………………………….

Name of Depositor(s), Amount and Period of
Initials of Cash
Deposit authenticated by Cash O�cer in case
Period: Year(s) Month(s) Days O�cer
of Illiterate Depositor

In case of Term Deposit, interest payable# Monthly Quarterly Calendar Quarter Half Yearly Yearly

Maturity instruction@ Auto renew* principal & payback interest Auto renew* principal & interest Pay principal & interest Auto Renew* with part amount for Rs…………

* (Auto Renewal will be done for the similar term at the prevailing interest rate on the date of renewal.)
@#( All Interest payable and Maturity instructions options will not be o�ered by all Banks. Contact respective Banks for the options available.)
Payment instruction (Maturity Proceeds/Residual amount):

By credit to my Bank Account No. Issue Banker's Chq / Draft

E MULTI-OPTION DEPOSIT SCHEME (MOD) / AUTO SWEEP

Type of Deposit Term Deposit Term Deposit (Reinvestment) Period of Deposit ……….. Year(s) …………….. Month(s)

I/We hereby give consent for debiting my/our account for recovering service charges as normally applicable to Savings Bank and Current Account.
I/We hereby give consent for debiting my/ our Savings Bank/ Current Account for creating MODS/AUTO SWEEP as per the Terms and Conditions.

Linked Saving Bank/Current Account No.

Under reverse sweep facility for breaking the MOD, the MOD to be broken by:* Last in �rst out First in �rst out

(* In case the applicant does not opt for any option, Last in �rst out will be the default option.)

F RECURRING DEPOSIT FLEXI DEPOSIT

Monthly / Core Monthly installment: Rs. Rs. (In words) Period: Years: Month(s)

Standing instruction (if any) Debit Account No.

On Maturity, credit proceeds to Account No.

Issue Banker's Chq /Draft Issue STDR for a period of Year(s) Month(s) Day(s)

For the above Term Deposit Account, please deduct applicable TDS from (SB/CA Account No.)

In Case of Joint Accounts, Income Tax provision will applicable to primary / First Account holder only.
3
G Nomination (If required, �ll Form DA-1)

FORM DA-1 (Nomination Form)

Details of Nomination:
Registration No.
Nomination under section 45ZA of the Banking Regulation Act, 1949 and Rules 1985 in respect of Bank Deposits.
I/We ……………………………………………… nominate the following person to whom in the event of my / minor's death the amount of this deposit, particulars of which are given
below, may be returned by the State Bank of India, ……………………………………………………………………………………………....(Name & address of the branch /o�ce in which the deposit is held.)

I/We want the name of the nominee to be printed on the passbook

Details of Deposit
Type of Deposit: ……………………………………………………………………………………. Account Number:
Details of Nominee

Name:

Mobile Number of the Nominee

Relationship with the Depositor……………………….. Age………Years Date of Birth of nominee (in case of minor) D D M M Y Y Y Y

As the nominee is a minor on this date, I appoint Shri / Smt / Kum………………………………………………………………………………………………………… Age Years

Address……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

…………………………………………………………………………………………………………………………to receive the amount of deposit on behalf of the nominee in the event of my / minor's death during the minority of the nominee
(Nimination in favour of other than Individual is invalid)

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

Signature of the �rst witness Signature of the second witness

Name:………………………………………………………. Signature : ………………………………………… Name:………………………………………………………. Signature : …………………………………………

Address ………………………………………………………..…………………………………………………………................ Address ………………………………………………………..…………………………………………………………................

(Witnesess are required only in case of applicant is illiterate and if a�xing thumb impression)
Date D D M M Y Y Y Y Place ………………………..............
I/We do not want to nominate any person in this account

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

H DECLARATION CUM UNDERTAKING CUM SELF – CERTIFICATION

1. I/We have read the copy of Terms and Conditions of the Account Opening Form given to me / us. The Terms and Conditions have been explained to me/us and having understood, I / we accept the same.
2. (In case of Minor Accounts)
I hereby declare that date of birth of the minor who is my ………………………. is ……………………………and I am his/her natural and lawful guardian/guardian appointed by court order dated…………………………..(copy enclosed)
I shall represent the said minor in all future transactions of any description in the above account until the said minor attains majority. I indemnify the bank against the claim of the above minor for any
withdrawal/transactions made by me in his/her account).
3. (Applicable in case of Term Deposit Accounts-(Strike out if not required))
I/We undertake that in case of term deposits with operating instructions "Either or Survivor", or "Former or Survivor" in line with the operating instructions of the application-cum-deposit slip, premature
termination/payment will be allowed to the survivor in event of the death of the either of the depositors or former as the case may be on submission of the death certi�cate of the deceased depositors along with
application without obtaining consent of the legal heirs of the deceased depositors.
4 I hereby declare that I do not maintain a Basic Savings Bank Deposit Account (BSBDA) with any other Bank/Branch (Applicable in case of BSBD Account)

Place: ……………………………………………..…………..

(Signature of the Applicant/Thumb impression of the Applicant) (Signature of the Applicant/Thumb impression of the Applicant)
Date: D D M M Y Y Y Y

FOR OFFICE USE/ATTESTATION

(for o�ce use only) Queue No. Initials

Open Account Account

Date: D D M M Y Y Y Y (Authorised signatory) CIF Linking

i) Internet Banking (INB) Kit No.:………………………………………………………….. INITIALS Personalised Cheque

ii) INB Viewing rights Transaction rights given on: INITIALS RINB

iii) ATM Card data transmitted on: INITIALS MBS

iv) Nomination Serial No.: INITIALS SMS Alert

v) Threshold (KYC) limit: INITIALS Removal of Posting

vi) Phone Banking INITIALS Scanning

4
 TERMS AND CONDITIONS FOR OPENING OF DEPOSITS ACCOUNTS
1. I a�rm and declare that I have read over and understood the rules and regulations of the “Bank” and those relating to various services o�ered 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 for closure).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 the 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�tTransfer (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 loan account and availing other services herein or through website/electronically as applicable to me signed/authenticated by me as
well as in the documentary evidence provided by me for opening loan 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 a�ect 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 will 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 Average Monthly Balance(AMB) 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 e�ect.
19. I con�rm that the product features of BSBD account have been explained to me(applicable to BSBD account applicant)
20. Applicable for Small Accounts: I undersatnd that this account shall remain operational initially for twelve months,can be extended for further twelve months on submission of evidence applied for
OVD.The entire relaxation/ provisions shall be reviewed after twenty four months.
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 Average Monthly Balance(AMB) applicable for Regular Savings Bank Account .I therefore undertake to maintain AMB 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 Average Monthly Balance(AMB) 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 con�rm and undertake that I will not deal in virtual currencies and will not use my account for any services relating to virtual currencies or facilitate any person or entity in delaing with or settling Virtual
Virtual Currencies.
26. I understand that in the event of failed Standing Instruction for Loan Repayment / dishonour of a cheque/NACH/ECS due to lack of funds / insu�cient funds on 04 occasions during �nancial yearno fresh
cheque book would be issued.,closure of account may also be considerd.
27. I/We con�rm that the product features of account have been explained to me 28. 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)

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 O�cial with Seal

5
 SAVINGS BANK RULES (ABRIDGED)
Know Your Customer Guidelines
Any person ful�lling account opening requirements may, upon agreeing to comply with the prescribed rules, open a Savings Bank Account, provided she/he furnishes proof of identity and proof of address
as required by the Bank.
Nomination & Survivorship Facility
The nomination facility is available on Savings Bank Accounts and the account holders are advised to avail of this facility for smooth settlement of claim by legal heirs in unforeseen circumstances. Nomination
can be made in favour of only one nominee. In case they do not wish to make a nomination, the fact should be recorded on the account opening form under their full signature. Joint account with survivorship
bene�t can be operated by the survivor, in such circumstances. Types of Accounts, Balance Stipulation & Service Charges The applicants can open an account either with chequebook facility or without
chequebook. The current monthly average balances prescribed for SB accounts and the charges prescribed for non maintenance of minimum balance, are available at the Banks website and Contact Centre.
The information can also be obtained from Branches. There is no ceiling on maximum balance in Savings Bank account, except for Minors account.
Minors Accounts
Minors who can adhere to uniform signature and are not less than ten years old can open accounts in their single name and maintain therein a maximum balance of Rs. 10,00,000/ (Rs. Ten lacs only). Minors
may open joint accounts with their guardians.
How To Open An Account?
In ordinary course, applicant(s)should attend the Bank personally for completion of formalities for opening the account. They will duly �ll in and sign the prescribed application form.Applicant(s) should submit
KYC documents, declaration as applicable for RBI/CBDT and two copies of his/her/ their recently taken passport size photographs. Applicants can also apply for opening an account online.Account holders
signatures must be legible and well formed. Signatures should not be in capital or block letters. Each account will be given a distinctive account number. While dealing with the Bank,this number should be
invariably quoted by the account holder(s). The account holders, in their self-interest, are expected to adhere to uniform signature as per specimen recorded with the Bank while operating the accounts and
addressing any correspondence to the Bank.
Pass Book
The pass book and cheque book supplied to the account holder should be kept in a safe place. The Bank will not be responsible for any loss or incorrect payment attributable to the account holders neglect in
this regard. For withdrawing cash by means of a withdrawal form, the pass book must be presented. Withdrawals using cheque forms and Debit card can be e�ected without pass book. Deposits may be
made without production of the pass book. Pass book should be got updated regularly. The pass book will be returned to the account holder immediately after completion of the transaction duly updated. In
case it is not collected within a weeks time, it will be returned to them by Registered A.D. post/ Courier at their cost. The account holders should carefully examine the entries in their pass books and draw the
Banks attention to errors or omissions, if any. Duplicate in lieu of the lost or mutilated pass book may be issued on receipt of a written request from the account holder after necessary enquiries, completion
of formalities and recovery of prescribed charges. The current charges prescribed for this are available at the Banks website and Contact Centre. This information can also be obtained from Branches.
Cheque Book
The Bank will issue the �rst cheque book after completion of all formalities with regard to opening of the account. Bank shall issue Cheque Book subject to recovery of charges as applicable. The current
charges prescribed for this are available at the Banks website and Contact Centre.This information can also be obtained from Branches. The account holders must use only the cheques from the cheque
books issued to them by the Bank. The Bank reserves the right to refuse payment of any cheques drawn otherwise. Ordinarily, Bank will not issue more than one cheque book at a time or before exhausting
all or nearly all cheque leaves issued previously. Cheques must be written legibly. Stop payment instructions in respect of cheques issued or lost can be registered with the Bank on payment of a prescribed
service charge. The current charges prescribed for this are available at the Banks website. This information can also be obtained from Branches.
General
Savings Bank account is essentially a facility to build up savings and hence must not be used as a Current Account. Bank may close an account should it have any reason to believe that the account holder has
used her/his account for a purpose for which it is not allowed.
Deposits
Only three cash deposit tranactions are allowed free of cost in a month. No restrictions on cash deposit at Non Home branch. No deposit in cash for less than Rs 10/- will be accepted. Cheques, drafts or other
instruments drawn only in favour of the account holder will be accepted for credit of the account. Third party instruments endorsed in favour of the account holder will NOT be accepted. No drawings against
accepted instruments will be normally permitted until these are realized. In satisfactorily conducted accounts, immediate credit will be a�orded for outstation / local instruments upto the value laid down
from time to time. The normal collection and out of pocket charges will be recovered. The current limit and charges prescribed for this are available at the Banks website and Contact Centre. This information
can also be obtained from Branches. Overdue interest will be recovered for instruments subsequently returned unpaid.
Withdrawals
The account holder can withdraw money personally from her/his ordinary Savings Bank Account by using Banks standard withdrawal form.The Pass Book /any OVD must accompany the withdrawal form.
The withdrawal form can be used only for receiving payments by the accountholder himself/ herself. ATM cum Debit card can also be used in ATMs for cash withdrawal. The account holder cannot withdraw
an amount less than Rs. 50/-. All withdrawals must be in round Rupees only. Third party payments through withdrawal forms are not permitted. A letter of authority as per the prescribed format, along with
the pass book should be sent to the Bank through an authorized representative to receive payment in case the account holder is unable to attend personally to withdraw cash from her/his account. The
minimum drawing permitted per cheque form is limited to Rs. 50. The maximum number of free debit entries permitted in an account depends on the AMB in the account or as decided by the Bank from time
to time. Charges prescribed for exceeding this limit are available at the Banks website and Contact Centre. This information can also be obtained from Branches. Cash withdrawal can be made from the
accounts of the sick, old or incapacitated account holders who are unable to attend the Bank and/or also not able to put their signature or thumb impression for withdrawing cash by completing the laid down
formalities.
Overdrafts
Overdrafts in Savings Bank accounts may be permitted under exceptional circumstances with prior arrangements only. Cheques drawn in excess of the balance in the account will be returned unpaid. Service
charge will be recovered each time a cheque is returned unpaid for want of su�cient funds. Charges prescribed for this are available at the Banks website and Contact Centre This information can also be
obtained from Branches.
Inoperative Accounts
Account holders are advised to operate their accounts regularly. Accounts not operated are classi�ed as Inoperative after the stipulated time period of 24 months since last operation. The current prescribed
charges in this regard are available at the Banks website and Contact Centre. This information can also be obtained from Branches.
Standing Instructions
The account holder can request the Bank for e�ecting periodical payment of insurance premium, membership fees, etc. by debit to her/ his account on payment of service charges. The current prescribed
charges for Standing Instruction are available at the Banks website. This information can also be obtained from Branches.
Payment of Interest
As per RBI guidelines applicable from time to time. Interest will be calculated on a daily product basis. Interest will be credited to the account at quarterly intervals. Interest will be paid only if it works out to Re
1/-or more. There after �fty paise and more will be rounded o� to the next higher rupee and anything less will be ignored. In case of accounts frozen by the enforcement authorities,
Transfer & Closure Of Account
Accounts may be transferred between branches of the Bank at the request of the account holder(s). Request for closure of account should state the reason for closure. The pass book must accompany such
request. Joint accounts can be closed only at the request of all such joint signatories. Service charge at prescribed rate will be recovered if an account is closed after 14 days upto one year of its opening. The
current charges prescribed for this are available at the Bank’s website. This information can also be obtained from Branches. Accounts can be transferred ONLINE also.
Change in Rules
The Bank reserves the right to alter, delete or add to any of these Rules and service charges for which the customer will be duly noti�ed through Bank's website and/or branch notice board.
Features of BSBD account.
i. The deposit of cash at bank branch as well as ATMs/CDMs
ii. Receipt / credit of money through any electronic channel or by means of deposit / collection of cheques drawn by Central / State Government agencies and departments.
iii. No limit on number and value of deposits that can be made in month.
iv. Minimum 4 withdrawals including ATM withdrawals
v. ATM Card or ATM-cum-Debit Card

6
 Annexure-1
Income-tax Rules, 1962
FORM NO.60
[See second proviso to rule 114B]
Form for declaration to be �led by an individual or a person (not being a company or �rm) who does not have a permanent
account number and who enters into any transaction speci�ed in rule 114B
1 First Name Middle Name Surname
2 Date of Birth / Incorporation of declarant
3 Father’s Name (in case of individual)
4 Flat No./Floor No.
5 Name of premises / Block Name & No.
6 Road / Street / Lane
7 Area / Locality
8. Town/District/State
9 Pin code
10 Telephone Number (with STD code)
11 Mobile Number
12 Amount of Transaction (Rs.)
13 Date of Transaction
14 In case of transaction in joint names,
number of persons involved in
the transaction
15 Mode of transaction Cash Cheque Card Draft/Banker’s Cheque Online transfer Other
16 Aadhaar Number issued by UIDAI (if available) :
17 If applied for PAN and it is not yet generated, enter date of application and acknowledgement number: __________________
____________________________________________________________________________________ Date :_______________
18 If PAN not applied, �ll estimated total income (including income of spouse, minor child, etc., as per section 64 of Income-tax
Act, 1961) for the �nancial year in which the above transaction is held (a) Agricultural income (Rs.)_______________________
(b) Other than Agr. Income (Rs.) _________________________________________________
19 Details of document being produced in Document Document Name and address of the
support of identify in Column 1 (Refer code identi�cation authority issuing
Instruction overleaf) number the document
20 Details of document being produced in Document Document Name and address of the
support of identity in Column 4 to 13 code identi�cation authority issuing
(Refer Instruction overleaf) number the document
Veri�cation
I, _______________________________________________________________________ do hereby declare that what is stated
above is true to the best of my knowledge and belief. I further declare that I do not have a Permanent Account Number and
my / our estimated total income (including income of spouse, minor child etc., as per section 64 of Income Tax Act, 1961)
computed in accordance with the provisions of Income tax Act, 1961 for the �nancial year in which the above transaction is
held will be less than maximum amount not chargeable to tax.
Veri�ed today the ___________________________ day of________________20 ____________
Place : (Signature of declarant)
Note: Before signing the declaration, the declarant should satisfy himself that the information furnished in this form is true,
correct and complete in all respects. Any person making a false statement in the declaration shall be liable to prosecution
under section 277 of the Income-tax Act, 1961 and on conviction be punishable,
(i) in a case where tax sought to be evaded exceeds twenty-�ve lakh rupees, with rigorous imprisonment which shall not be
less than six months but which may extend to seven years and with �ne;
(ii) in any other case, with rigorous imprisonment which shall not be less than three months but which may extend to two
years and with �ne.
2. The person accepting the declaration shall not accept the declaration where the amount of income of the nature referred to in
item 22b exceeds the maximum amount which is not chargeable to tax, unless PAN is applied for and column 21 is duly �lled.

7
Instruction:
(1) Documents which can be produced in support of identity and address (not required if applied for PAN and item 20 is �lled): -
Sl. Nature of Documents Document Proof of Proof of
Code Identity Address
A For Individuals and HUF
1 AADHAAR card 01 Yes Yes
2 Bank/Post o�ce passbook bearing photograph of the person 02 Yes Yes
3 Elector’s photo identity card 03 Yes Yes
4 Ration/Public Distribution System card bearing photograph
of the person 04 Yes Yes
5 Driving License 05 Yes Yes
6 Passport 06 Yes Yes
7 Pensioner Photo card 07 Yes Yes
8 National Rural Employment Guarantee Scheme (NREGS) Job Card 08 Yes Yes
9 Caste or Domicile certi�cate bearing photo of the person 09 Yes Yes
10 Certi�cate of identity/address signed by a Member of Parliament
or Member of Legislative Assembly or Municipal Councillor or a
Gazetted O�cer as per annexure A prescribed in Form 49A 10 Yes Yes
11 Certi�cate from employer as per annexure B prescribed in Form 49A 11 Yes Yes
12 Kisan passbook bearing photo 12 Yes No
13 Arm’s license 13 Yes No
14 Central Government Health Scheme/ Ex -Service men
Contributory Health Scheme 14 Yes No
15 Photo identity card issued by the Government/Public Sector Undertaking 15 Yes No
16 Electricity bill (Not more than 3 months old) 16 No Yes
17 Landline Telephone bill (Not more than 3 months old) 17 No Yes
18 Water bill (Not more than 3 months old) 18 No Yes
19 Consumer gas card/book or piped gas bill (Not more than 3 months old) 19 No Yes
20 Bank Account Statement (Not more than 3 months old) 20 No Yes
21 Credit Card Statement (Not more than 3 months old) 21 No Yes
22 Depository Account Statement (Not more than 3 months old) 22 No Yes
23 Property registration document 23 No Yes
24 Allotment letter of accommodation from Government 24 No Yes
25 Passport of spouse bearing name of the person 25 No Yes
26 Property tax payment receipt (Not more than one year old) 26 No Yes
B For Association of persons (Trusts)
Copy of trust deed or copy of certi�cate of registration issued
by Charity Commissioner 27 Yes Yes
C For Association of persons (other than Trusts) or Body of Individuals or Local authority or Arti�cial
Juridical Person)
Copy of Agreement or copy of certi�cate of registration issued by Charity 28 Yes Yes
Commissioner or Registrar of Cooperative Society or any other competent
authority or any other document originating from any Central or State
Government Department establishing identity and address of such person.
(2) In case of a transaction in the name of a Minor, any of the above-mentioned documents as proof of Identity and Address of
any of parents/guardians of such minor shall be deemed to be the proof of identity and address for the minor declarant,
and the declaration should be signed by the parent/guardian.
(3) For HUF any document in the name of Karta of HUF is required.
(4) In case the transaction is in the name of more than one person, the total number of persons should be mentioned in Sl. No.
18 and the total amount of transaction is to be �lled in Sl. No. 16.
In case the estimated total income in column 22b exceeds the maximum amount not chargeable to tax, the person should apply
for PAN, �ll out item 21 and furnish proof of submission of application.

8
 Annexure-2

Details of Related Person (To be filled for minor)

Customer ID: CKYC No.:

Account No.:

Name*: F I R S T N A M E M I D D L E N A M E L A S T N A M E

Addition of Related Person Deletion of Related Person

KYC of Related Person (If Available)*

Related Person type* Guardian of Minor Assignee Authorised Representative

Name*: F I R S T N A M E M I D D L E N A M E L A S T N A M E
Pre�x
(If KYC Number and name are provided, below details are optional)
PROOF OF IDENTITY(POI) OF RELATED PERSON*

A-PASSPORT

B-VOTER'S IDENTITY CARD

C-DRIVING LICENCE

D-UID (AADHAAR)

E-NREGA JOB CARD

F-LETTER ISSUED BY NATIONAL POPULATION REGISTER CONTAINING DETAILS OF NAME & ADDRESS

G-OTHERS (Any Document noti�ed by the Central Government/RBI)

Document No/Identi�cation Number*

Issue date*: D D M M Y Y Y Y Expiry Date(If Applicable)*: D D M M Y Y Y Y

Remarks : _____________________________________________________________________________________________________________________________________________________________________

FATCA Declaration Form

Customer ID: CKYC No.:

Account No.:

Name*: F I R S T N A M E M I D D L E N A M E L A S T N A M E
Pre�x

Citizenship*: IN-India Others Country Name:

Place/City of Birth*: Country of Birth*:

Address*:

City/Village*: District*:

State*: Pin*:

Multiple Tax Residency: Details of Country of Tax Residence in India, and/or in USA@ and /or In any other Country or Territory Outside India as Under:

Country of Tax Residence# Tax Identi�cation number or equivalent if issued by jurisdiction Identi�cation type (TIN or Other, please specify)

@ * A citizen of US including individual born in US but resident in another country (who has not given up US citizenship)
* A person residing in US including US green card holder
* Certain persons who spend more than 180 days in US each year

Address in the Jurisdiction/Country - where the Applicant is Resident outside India for Tax Purposes

Address*:

City/Village*: District*:

Sub-District: State*:

Country Name*: ZIP/Post Code*:

Place:

Date:
Signature/thumb inpression of the Applicant/Applicants