Indian Bank Details of Related Person and FATCA Declaration Form Download

The provided document contains two distinct sections: Annexure-2 (Details of Related Person) and the FATCA Declaration Form. Here are the key points for both:

• Purpose: This section is used to formally add or delete a “Related Person” associated with the bank account, which is mandatory when opening an account for a minor.
• Classifications: The related person must be categorized into one of three specific types:
  • Guardian of Minor
  • Assignee
  • Authorised Representative

• Streamlined Verification: If the individual’s Central KYC (CKYC) Number and legal name are provided, filling out the detailed identity fields becomes completely optional.
• Proof of Identity (POI): If CKYC is unavailable, one of six standard Officially Valid Documents (OVDs) must be provided: Passport, Voter ID, Driving Licence, UID (Aadhaar), NREGA Job Card, or a National Population Register Letter. The document identification number, issue date, and expiry date must be filled in.

• Purpose: This section enforces compliance with tax regulations regarding international tax residency, specifically identifying assets linked to the United States (Foreign Account Tax Compliance Act).
• Tax Residency Declarations: Applicants must declare their citizenship status (India vs. Others), place of birth, and country of birth.
• Multiple Tax Residency: If the applicant pays taxes outside of India (including the USA), they must list all countries of tax residence along with their unique Tax Identification Number (TIN) or equivalent country jurisdictional code.
• Strict US Person Criteria: The form explicitly highlights that individuals are considered US tax residents if they fit any of these parameters:
  • Are US Citizens (including individuals born in the US but residing elsewhere who haven’t surrendered citizenship).
  • Are official US Green Card holders.
  • Are physical residents of the US who spend more than 180 days there each year.

• Foreign Address Tracking: For anyone falling under foreign tax jurisdiction, a complete overseas residential address including the Sub-District, Country Name, and foreign ZIP/Post Code must be recorded before signing.

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