Central Bank of India FEMA Declaration Form Download

Central Bank of India FEMA Declaration

The key points from the Central Bank of India FEMA Declaration form are structured as follows:

Status Confirmation: Account holders explicitly confirm their status as Non-Resident Indians (NRIs).
Regulatory Compliance: Declarants state they have complied with, and will continue to follow, FEMA regulations and applicable laws.
Change of Status: It is the holder’s strict responsibility to inform the Depository Participant (DP) immediately if their residential status changes from NRI to Resident (or vice versa).
Account Transition: If status changes, a new demat account matching the updated status must be opened, assets transferred, and the old account closed.

The form requires the submission of specific documents from the NRI:

Identity Proof: Copy of passport or driving license.
Address Proof: Both foreign and Indian addresses (if any). A P.O. Box address is only accepted if it is backed by a valid address proof document containing that P.O. Box number.
Financial & Legal Docs: Bank account details, Power of Attorney (if any), and PAN card.
Signed Declaration: A physically signed copy of this FEMA declaration.

Signature Requirement: The form must be signed by the first/sole holder. Joint holders (second/third) must sign only if they are also NRIs.
Overseas Attestation: Photocopies must be stamped “verified with originals” by an authorized foreign authority (e.g., Indian Embassy, Consulate General, Notary Public, Judge, or Local Banker in their country of residence).
Physical Waiver: The formal overseas attestation requirement is waived if the NRI opens the account in person at the bank.

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