Most Important Terms and Conditions for Biometric Based

811 Savings Account Conversion

CRN : 860293527
Name(as per Aadhaar) : Deepak Kumar

Date Of Birth(as per Aadhaar) : 06/06/1999

Account No. : 6049791589

AADHAAR & FULL KYC DECLARATION (Mandatory to fill all details)

I understand that I have submitted my Aadhaar No. & given my voluntary consent to - Use my Aadhaar Details to authenticate me from
UIDAI

I hereby understand that my request for updation of Aadhaar details will not be processed, if

(a) Aadhaar details provided by me is incorrect;

(b) authentication with UIDAI fails due to mismatch of my details with UIDAI;

(c) there is technical failure while authenticating Aadhaar details with UIDAI.

I have read and understood that Bank does not charge for FULL KYC of my 811 A/c and I confirm that the officer doing FKYC of my account
has not taken any fees from me to complete this process

Vernacular declaration (if applicable)

I confirm that the bank executive has explained to me all the product features, charges and important terms and conditions in my preferred
language and the same has been understood and agreed by me.(Applicable for customer who signs in language other than English )

BitLy Terms & Conditions

1. Any 18 year old and above, Resident Indian who is citizen of India as per FEMA guidelines & Physically present in India, provides his/her
details while applying for opening an Kotak 811 account offered by Kotak Mahindra Bank Ltd (KMBL) is a customer

2. By providing his/her details, customer agrees to the terms and conditions of the Bank as listed in
http://www.kotak.com/terms-conditions.html

3. By sharing all the information, customer consents to provide his/her name, contact details and other information on an at will basis with
Bank

4. Bank shall not be liable for any connectivity/ signal/ data issues leading to non-completion or wrong/false/incomplete information being
provided by the customer leading to the incompletion of his/her application.

5. The customer understands and agrees to voluntarily share her/his valid Aadhaar details and valid PAN card number. She/he understands and
agree that the information provided during the account opening process are accurate and complete failing which, the bank reserves the right to
reject the a/c opening application / offer service for FKYC / Close the account due to error or incomplete KYC as per KYC norms, third party
funding (i.e. the initial payment in the account should be done by one's own account), provide wrong pin code to skip serviceability check /
criteria of the bank , to and open an OTP/wallet account or any other reason deem appropriate by Bank.

6. Customer agrees that the name in the account will be the customer name as per his/her name mentioned on Aadhaar Card.
7. Application for opening the 811 account is absolutely free of charge and Bank shall not be liable to pay for any costs (technical/ data plan
related or otherwise) incurred by the customer in the course of sharing his/her details on the application.

8. The customer herewith agrees to provide the accurate documentation and information as listed in the application for the purpose of account
opening. Customer understands and agrees that failure to provide requisite documentation and information shall result in rejection of
application by the Bank. The customer agrees that Bank has every right to reject the account opening application, if there is any erroneous,
incomplete or misleading information provided by the customer or for any other reason whatsoever with/without assigning any reason or if
KYC documents submitted do not comply with the KYC norms of the Bank.

9. The customer understands and confirms, in terms of provisions of PML Rules and Master Direction on KYC issued by the Reserve Bank of
India, Banks are required to upload KYC data pertaining to all individual accounts opened on or after January 1, 2017 onto Central KYC
Records Registry (CKYCR).

10. This A/C opening process is also available for existing Kotak Bank customers who have no active relationship with Kotak bank.

11. If a customer has a tax obligation to any country other than India (FATCA reportable), then the account opening process for the customer
should be done at the nearest branch. Customers opening an 811 account declare and understand that if there is a change in the tax residency
(i.e. FATCA reportable) they will intimate the bank within 30 days of such change.

12. Customer declare and confirm that the Bank shall be entitled to rely on all/any communication, information and details provided on the
electronic and physical form and all such communications, information and details shall be final and legally binding on the Customer

13. Customer understands and agrees that interest on the amount funded online will be paid subject to activation of the account and only from
the date when the funds has been credited into the account.

14. The customer shall not enjoy the services provided by the bank unless the customer on-boarding process is complete i.e. the customer has
logged on the app and created net banking /MPIN.

15. The customer understands and confirms that the Bank has every right to close or debit freeze the account if

i.) the details provided by her/him are found to be inaccurate or incomplete by the Bank on regular monitoring or document verification or

ii.) For any other reason whatsoever without assigning any reason thereof.

The bank can cancel the CRN if the FKYC verification is not done in the allotted time.

In such an event, the deposit amount will be refunded to the source account. The bank shall not be liable to pay any interest on the deposit
amount. The bank will retain the documents / Photographs (if any) and any other signed document submitted.

16. The customer herewith agrees to be contacted by the bank to receive information with respect to account maintenance, alerts, payments
due, and updates on existing and new products, servicing of account for sales, marketing or servicing their relationship with KMBL, its group
companies/associates or agents through Telephone/Mobile/SMS/Email etc. Further she/he understands and confirms that the consent to receive
calls/communications shall be valid and shall prevail over their current or any subsequent registration of their mobile number for NDNC.

17. The customer authorizes Bank to share his/her mobile number and address with the respective mobile operator to verify customer's address
at any point of time

18. Customer declare and confirm that the shared information is true and correct to best of his/her/their knowledge. Customer hereby agree and
confirm that all such acts and deeds done for and on Customer behalf by the executive who has visited him/her/them for account opening
formalities shall be binding on the Customer and on Customer’s successors & legal heirs.

19. The 811 Digital Account is not available to a certain set of individuals (person operating with thumb impression or sick /incapacitated or
any person where the bank feels that they may require additional controls / diligence to safeguard Bank / Customer interest). These set of
individuals may visit our Branch to select other products available. If the bank finds out that the above mentioned set of individuals have
opened an 811 Digital Account, the Bank reserves the right to offer another account and close this 811 Digital account.

20. The customer confirms that the account is being opened by him/her for his/her own use and that the mobile number, SIM & device used for
opening the account belongs to him and same have not been shared by him with any other individual. The customer further confirms that he
has not shared the credentials pertaining to the account opening with any other person. In case of any discrepancy, the bank reserves the right
to block or close the account without any notice.

21. The customer herewith agrees that if the application is rejected, Bank will retain the documents / Photographs and any other signed
document submitted by the customer on the application or otherwise. The customer confirms that the account is being opened by him/her for
his/her own use and that the mobile number, SIM & device used for opening the account belongs to him and same have not been shared by him
with any other individual. The customer further confirms that he has not shared the credentials pertaining to the account opening with any
other person. In case of any discrepancy, the bank reserves the right to block or close the account without any notice.

22. The customer on a later date avails a loan with Kotak Mahindra Bank, hereby agrees and confirms to convert the account (811 Limited
/811 Lite Account) to a zero balance Full KYC account (SBSYN).
23. I hereby understand that, email ID given by me will be updated in the bank records only after email verification has been completed by me.
Till such time, no communication or statements regarding account, will be sent to my email ID. I further understand that if I want to update a
new email id at a later date, then new email id will take effect only once it is verified and till such time all communication regarding account
will continue on that old email ID.

24. The customer understands and agrees to complete full KYC for its OTP/Wallet account within 180 days of account opening, failing which
as a step towards bank’s proactive due diligence the bank will block/total freeze the account. The customer will not be able to transact post 180
days till the time customer completes Full KYC process. Post 12 months the bank will close the account in case of pending full KYC as
mandated by regulation.

25. The customer understands and agrees that the bank attempts to complete the process of Full KYC for the account on a best effort basis

26. The customer herewith understands that the bank may use the services of Direct Sales Agents/ Direct Marketing Agents/Business
Correspondents/Vendors in sales/marketing/KYC etc of the products.

27. The customer on a later date opens a current account with Kotak Mahindra Bank Limited, hereby agrees and confirms to convert its 811
Limited 811 Lite Account to 811 Full KYC account. In case the account is not converted to a Full KYC account, the bank will be constrained
to block the account within 7 days of opening of current account. Customer if does not complete FKYC within 30 days of blocking the
account, the blocked account (811 Limited /811 Lite Account) shall stand closed without further notice.

28. Customer agrees to submit updated KYC documents within 30 days to the bank in case of any update in the documents which customer had
submitted at the time of establishment of business relationship/account based relationship.

Customer Declaration – Savings / Current Account:

29. The particulars contained herein shall be valid for all accounts by me/ us or to be opened by me/ us hereafter either singly or with other(s)
and / r by me/ us in any representative capacity with the Bank unless informed otherwise. I / We have obtained, read, understood and agree the
Terms & Conditions governing the opening of an account with Kotak Mahindra Bank Ltd. (the Bank), and those relating to various Services
including but not limited to 1) ATM b) Phone Banking c) Credit Card d) Net Banking e) Payment Gateway f) Kotak Bill Pay g) SMS Banking
h) Alert Service i) Fixed Deposits / Recurring Deposits, available at Bank’s website www.kotak.com. I/ We understand and agree that Payment
Gateway will be activated by default for the customers registered for Net Banking with unconditional transaction rights. I/ We understand and
agree that Net Banking, Phone Banking access, if applied for, is applicable to all Deposit accounts, existing or to be opened in future. I/ We
understand and agree that existing / future accounts will be linked by default to Debit Card/ Payment Gateway and for delinking Debit Card/
Payment Gateway from the account I/ We have to visit the nearest branch to place the request. I/ We agree to be bound by the said Terms and
Conditions including those excluding/ limiting the Bank liability. I/ We understand that the Bank may at its absolute discretion, suspend any of
the Services completely or partially without any notice to me/ us. I/ We agree that he Bank may debit my/ our account for service charges as
applicable from time to time. I/ We hereby agree, declare and confirm that he funds routed by me/ us in my/ our account will be from my/ our
own source of funds acquired legitimately and such funds are acquired not in contravention of any applicable laws or rules in force, enacted /
issued by Statutory or Regulatory Authority from time to time or funds so routed have not been or acquired by way of evasion of government
levies/ taxes. I/ We shall advise the Bank immediately in the manner as agreed by me/ us and acceptable to the Bank, in case of any change in
the above details an information given by me/ us. I/ We do hereby authorize the Bank to conduct me/ our credit history verification with CIBIL
or any other Credit Rating Agency.

30. Activmoney (applicable only if opted for): I/ We have been explained about the features and benefits of ActivMoney (Auto Sweep-Out,
Sweep-In) and I/We have understood and agree for the same.

31. Statement of Account: I/ We am/ our aware that the Bank will forward statements by way of email on monthly basis to my/ our registered
email ID. I/ We agree that Bank would be deemed to have delivered the statement to me/ us, on Bank sending the email containing the
statement as an attachment to me/ our registered email id. In case email has not been provided by me/ us, physical statement at quarterly
intervals would be sent to my/ our mailing address. I/ We am/ our also aware that if I/ We have provided me/ our email id but still wish to opt
for physical statement at quarterly intervals, I/ We need to provide a specific request for the same. Any person resident in India collecting and
effecting/ remitting payment directly/ indirectly outside India in any form towards overseas foreign exchange trading through electronically/
Internet trading portals would make himself/ herself/ themselves liable to proceeded against with for contravention of Foreign Exchange
Management Act (FEMA), 1999 besides being liable for violation for regulations relating to Know Your Customer (KYC) Norms/ Anti Money
Laundering (AML) Standards.

32. I authorize the bank to share my transaction details with regulatory/ Enforcement Authorities whenever such information is called for. I
authorize the branch official to update the document details in the bank records as per copies of documents submitted by me. I hereby consent
to receiving information from Central KYC Registry through SMS/ Email on the above registered number/ email address. I understand that as
per directions of government of India, my KYC information will be updated in Central KYC registry.

33. SMS Banking & Alert Facility: I understand that alert facility enables me to receive alerts on my email ID and/ or mobile number
regarding account transactions and maintenances. I further understand that new alerts maybe added from time to time.

I am aware that alerts that have been mandated by RBI and such alerts as deemed appropriate by the Bank will be sent even if I have not
subscribed for the facility.

34. Customer voluntarily agrees to use his/her Aadhaar details for doing full KYC of their 811 account. Customer agrees and hereby authorize
Bank to fetch their personal details from UIDAI. Customer authorizes Bank to use his/her Aadhaar details and core biometric information to
authenticate and verify his/her identity. Customer hereby gives his/her free consent to link his/her Aadhaar Number to all his/her existing bank
accounts and customer profile for the purpose of availing the Banking Services for operations of account (applicable only if opted for).
Lead Converter Name and Code(Bank Internal Use)

Employee Name : Kartik Gajjar

Employee Code : KMB97726

For FKYC via Biometric Authentication- AAM/BC FOS who has logged In into the system basic his / her credential, confirms doing Full
KYC via Biometric Authentication. He / She further confirms having met the customer in-person for Account Opening Formalities.