Union Bank of India NSDL Demat AC non individual opening

Union Bank of India NSDL Demat AC non individual opening form Download

Here are the key points from the provided Union Bank of India Depository Services Non-Individual Account Opening Form for an NSDL Demat Account:

Eligible Entities: This form applies to Hindu Undivided Families (HUF), corporate structures, partnership firms, unregistered trusts, and Association of Persons (AOP) (cdsl-aof-f… p. 11).
Naming Standards: The account opens under the names of the natural persons (such as partners or trustees), but the legal name of the entity must be prominently stated (cdsl-aof-f… p. 11).
Authorised Officials: Corporate entities must supply an official, signed list of individuals who are legally authorised to operate and represent the account (cdsl-aof-f… p. 20).

Required Ink: Applicants must use black ink and complete the form in English and BLOCK letters (cdsl-aof-f… p. 5).
Signature Rules: Standard signatures are preferred in blue ink (cdsl-aof-f… p. 2). Signatures or thumb impressions in non-scheduled regional languages require attestation from a Notary Public or Magistrate (cdsl-aof-f… p. 2).
Standard Formats: Every date on the form must use the DD-MM-YYYY format (cdsl-aof-f… p. 7).

Photographs & Annexures: Each account holder must provide a signed passport-sized photo, and separate signature annexures must be attached for multiple corporate signatories (cdsl-aof-f… pp. 2, 5).
Power of Attorney (PoA): If the application uses a Power of Attorney, a certified copy of that legal document must be submitted at the time of opening (cdsl-aof-f… p. 2).
Entity Verification: Proofs of identity, permanent address, and business correspondence address must accompany the application, along with an entity bank passbook or statement displaying the branch MICR code (cdsl-aof-f… pp. 2, 12).

Account Setup & Closure: Opening and closing the demat account is completely free (cdsl-aof-f… p. 21).
Annual Maintenance Charges (AMC): Free for the first year (cdsl-aof-f… p. 21). From the second year onwards, the annual maintenance fees are:
- HUF Accounts: ₹1,000 + GST (cdsl-aof-f… p. 21).
- Corporate Entities: ₹1,500 + GST (cdsl-aof-f… p. 21).
Transaction (Sell) Fees: Corporate accounts pay 0.04% of the total transaction value (Minimum ₹30, Maximum ₹1,500 per ISIN debit) (cdsl-aof-f… p. 21). Submitting instructions late results in a ₹10 penalty per ISIN (cdsl-aof-f… p. 21). Using online portals (Speed-e/easiest) lowers the rate to 0.02% (Minimum ₹50, Maximum ₹1,500) (cdsl-aof-f… p. 21).
Pledging Charges: Standard creation or invocation costs 0.02% of the value (Minimum ₹100, Maximum ₹2,000) (cdsl-aof-f… p. 22). Alternatively, corporate accounts can select an unlimited monthly pledging model for ₹25,000 per month (cdsl-aof-f… p. 22).