Here are the key points from the provided Form No. 121 (Declaration under section 393(6) for receipt of certain incomes without deduction of tax) (form-121-u… p. 1):

• Tax Exemption: This form is a formal self-declaration submitted to a payer to receive specific types of income without any Tax Deducted at Source (TDS) (form-121-u… p. 1).
• Eligibility Rule: The declaration is only valid and accepted if the declarant’s calculated total estimated tax liability for the financial year is completely nil (form-121-u… pp. 1, 3).
• Income Cap Rule: For individuals under 60 years old, the total declared income must not exceed the maximum amount that is exempt from tax (form-121-u… pp. 1, 3). This cap does not apply to senior citizens aged 60 or above (form-121-u… pp. 1, 3).

• Personal Profile: Captures full name (no abbreviations), address, PAN, email, contact number, and tax residential status (form-121-u… pp. 1, 3).
• Income Tracking: Requires the exact nature of the income, the estimated amount, and tracking of any other Form 121 variants submitted earlier in the same tax year (form-121-u… p. 1).
• Historical Tax Filings: The declarant must explicitly provide the Tax Year, Acknowledgment Number, and Return Income for their previous two Income Tax Returns (ITRs) (form-121-u… p. 1).

• Payer Information: The entity responsible for paying the income must fill out their name, address, PAN, and Tax Deduction and Collection Account Number (TAN) (form-121-u… p. 2).
• Processing & Reporting: The payer must assign a Unique Identification Number (UIN) to every Form 121 received during a quarter and report it in their quarterly TDS statement (form-121-u… p. 3).

The declaration can be submitted for the following specific types of income (form-121-u… p. 3):

• Provident Fund: Accumulated balance due to an employee from a recognized provident fund (form-121-u… p. 3).
• Insurance & Policies: Insurance commission payouts or payments received from a life insurance policy (including bonuses) (form-121-u… p. 3).
• Rent: Rental income received from a specified person (form-121-u… p. 3).
• Mutual Funds & Dividends: Income from mutual fund units or dividends declared by a domestic company (form-121-u… p. 3).
• Bank & Securities Interest: Interest earned on securities, or standard interest earned on bank, co-operative society, and post office deposits (form-121-u… p. 3).

• False Declarations: Making a false statement on this form carries severe consequences. The declarant faces direct prosecution and financial penalties under section 482 of the Act (form-121-u… pp. 2-3).

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Union Bank of India CDSL Deamat AC INDIVIDUAL AOF from Download

Union Bank of India DAO NSDL Abridged Demat Account Opening Form Download

Union Bank of India CDSL demat AC NON INDIVIDUAL ACCOUNT OPENING FORM DOWNLOAD

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

Union Bank of India NSDL-Demat Opening Form and KYC (Individual) – Form 9 (1) Download

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Here are the key points from the provided Union Bank of India NSDL Demat Account Opening and Non-Individual KYC Form (DP ID: IN302603 / IN303157) (nsdl-demat… p. 1):

• Entity Types Accommodated: This standard Form 11 caters to Private Limited Companies, Public Limited Companies, Partnerships, Body Corporates, Trusts, HUFs, AOPs, NGOs, Societies, Banks, and LLPs (nsdl-demat… p. 1).
• Registration Identifiers: Entities must input their core legal dates (Incorporation and Commencement of Business), PAN, and corporate identity tracking numbers like a Corporate Identification Number (CIN) (nsdl-demat… p. 1).
• Associated Persons Registry: A dedicated section requires names, PAN cards, addresses, photographs, and Aadhaar numbers for all underlying Promoters, Partners, Kartas, Trustees, or Directors (nsdl-demat… pp. 2-3).
• Director Identification: Whole-time directors must specifically furnish their officially allotted Director Identification Number (DIN) (nsdl-demat… p. 2).

• Strict Formatting: The account setup portion must be completely filled out in ENGLISH and in CAPITAL LETTERS only (nsdl-demat… p. 4).
• Joint Holding Limit: The form layout supports a maximum of three joint entity/holder classifications (Sole/First, Second, and Third Holder) (nsdl-demat… p. 4).
• Asset/Revenue Slabs: Entities must specify their annual corporate income range alongside their calculated net worth (nsdl-demat… p. 4). The provided net worth valuation must strictly not be older than 1 year (nsdl-demat… p. 4).
• Regulatory Checkboxes: FIIs must submit their historical RBI Approval Reference Numbers, approval dates, and SEBI Registration Numbers (nsdl-demat… p. 6).

• Automatic Credit: Holders can choose to authorize the bank to automatically credit all inbound securities directly into the Demat ledger (nsdl-demat… p. 6).
• Statement Dispatch Choices: Account statements can be delivered via physical post or via secure digital delivery (Electronic Form) (nsdl-demat… p. 6). Selecting electronic delivery requires providing a valid email address during KYC (nsdl-demat… p. 6).
• Operating Mandate: Clear directions must be selected for account operation, including options like “Any one singly”, “Jointly by all”, or “As per board resolution” (nsdl-demat… p. 8).
• HUF Operational Binding: For Hindu Undivided Family accounts, all adult coparceners must sign a declaration authorizing the Karta to trade and operate on behalf of the HUF, making all family members jointly and severally liable (nsdl-demat… pp. 7, 11).

• Maintenance & Setup: Demat account setup and closure are completely free (nsdl-demat… p. 9). The Annual Maintenance Charge (AMC) is free for the first year, updating to ₹1,000 + GST for HUF or ₹1,500 + GST for Corporates from the second year onwards (nsdl-demat… p. 9).
• Transaction Charges: Sell instructions cost 0.04% of the total transaction value (Individual/HUF minimum is ₹30/maximum is ₹1,200; Corporate minimum is ₹30/maximum is ₹1,500 per ISIN debit) (nsdl-demat… p. 9). Submitting debit instructions late incurs a ₹10 penalty per ISIN (nsdl-demat… p. 9).
• Signature Mismatches: If an applicant’s signature has naturally changed or does not match their legacy PAN card, they must fill out a dedicated Signature Mismatch Declaration countersigned by the Bank Branch Manager with an office seal (nsdl-demat… p. 12).

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Union Bank of India DAO NSDL Abridged Demat Account Opening Form Download

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

 

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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).

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

• Text Formatting: The form must be completed in English and BLOCK letters using black ink (cdsl-aof-f… pp. 5, 9).
• Dates: All calendar entries must follow the DD-MM-YYYY format (cdsl-aof-f… pp. 7, 9).
• Signatures: Standard signatures should be executed in blue ink (cdsl-aof-f… p. 2). Non-English/Hindi signatures or thumb impressions require an official seal and attestation by a Magistrate, Notary Public, or Special Executive Magistrate (cdsl-aof-f… p. 2).

• Entity Types Covered: This variant accommodates corporate structures, Hindu Undivided Families (HUF), Association of Persons (AOP), Partnership Firms, and Unregistered Trusts (cdsl-aof-f… p. 11).
• Dual Naming Requirement: While the Demat account technically opens under the names of the individual natural persons/trustees, the official name of the Firm, AOP, Partnership, or Trust must be explicitly declared on the form (cdsl-aof-f… p. 11).
• Authorized Representatives: Corporate and legal entities must furnish a dedicated list of authorized officials who are legally permitted to interact with the Depository Participant (DP) on the organization’s behalf (cdsl-aof-f… p. 20).

• Photographs & Signatures: Separate annexures must be attached to capture additional corporate or partner signatures alongside passport-sized photographs of each holder (cdsl-aof-f… p. 2).
• Power of Attorney (PoA): If the application is executed via a Power of Attorney, a certified copy of the PoA legal document must be submitted concurrently (cdsl-aof-f… p. 2).
• Core Proofs: Requires self-attested copies of entity-linked identity and address proofs, alongside a cancelled cheque or bank passbook displaying the entity’s MICR code (cdsl-aof-f… pp. 2, 12).

• Setup & Closure: Account initiation and formal closure are entirely free (cdsl-aof-f… p. 21).
• Annual Maintenance Charges (AMC): Free for the first year across all non-individual types (cdsl-aof-f… p. 21). From the second year onwards, the recurring fees split by entity:
  • HUF Accounts: ₹1,000 + GST annually (same rate with or without an active trading account) (cdsl-aof-f… p. 21).
  • Corporate Accounts: ₹1,500 + GST annually (same rate with or without an active trading account) (cdsl-aof-f… p. 21).

• Transaction (Sell) Charges: Corporations are billed 0.04% of the total transaction value (Minimum ₹30, Maximum ₹1,500 per ISIN debit instruction) (cdsl-aof-f… p. 21). Late submissions attract a standard ₹10 penalty per ISIN (cdsl-aof-f… p. 21). Digital portal usage (Speed-e/easiest) reduces transaction charges to 0.02% (Minimum ₹50, Maximum ₹1,500) (cdsl-aof-f… p. 21).
• Pledging Charges: 0.02% of the transaction value (Minimum ₹100, Maximum ₹2,000) (cdsl-aof-f… p. 22). Alternatively, corporate accounts can opt for an unlimited pledging subscription at ₹25,000 per month (cdsl-aof-f… p. 22).

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Union Bank of India CDSL Deamat AC INDIVIDUAL AOF from Download

Union Bank of India DAO NSDL Abridged Demat Account Opening Form Download

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Here are the key points from the provided Union Bank of India Abridged NSDL Demat Account Opening Form (DP ID IN302603):

• Abridged Process: This form is highly simplified because it relies entirely on the KYC information already provided in your existing Union Bank of India Savings or Current Account (abridged-d… p. 1).
• Data Integration: You authorize the bank to link your bank account number and directly transfer your saved signature(s) over to your new Demat account (abridged-d… p. 1).
• Holding Alignment: The pattern of account holding (Single or Joint) must match your existing bank account exactly (abridged-d… p. 2).

• Applicant Data: Basic identifiers like Name, PAN, Date of Birth, Email, and Mobile Number must be filled out for up to three holders (abridged-d… p. 1).
• Family Flag: You must explicitly state whether the provided mobile number and email belong to you or a close family member (Spouse, dependent children, or dependent parents) (abridged-d… p. 1).
• Preferences: You select your income slab, specify if you are a Politically Exposed Person (PEP), and choose between a Regular Demat or a BSDA (Basic Services Demat Account) (abridged-d… p. 1).

• Opting In: You can nominate up to three individuals (abridged-d… p. 2). You must specify their allocation percentages (divided equally by default) and provide their identification details (like PAN or Aadhaar) (abridged-d… p. 2).
• Opting Out: A dedicated declaration box is included to intentionally decline nomination, acknowledging that your legal heirs will face tighter court documentation requirements to claim assets in the event of death (abridged-d… p. 2).

• Opening & Closing: Completely free (abridged-d… p. 3).
• Annual Maintenance Charges (AMC): Free for the first year (abridged-d… p. 3). Starting the second year, individuals pay ₹250 + GST (with a trading account) or ₹300 + GST (without a trading account) (abridged-d… p. 3).
• Sell Transactions: Individual/HUF accounts incur a fee of 0.04% of the transaction value (Minimum ₹30, Maximum ₹1,200 per ISIN debit) (abridged-d… p. 3). Using the digital Speed-e portal cuts this rate to 0.02% (abridged-d… p. 3).
• Key Operations: Dematerialisation costs ₹5 per certificate (Minimum ₹100 per DRF) (abridged-d… p. 4). Freezing or unfreezing costs ₹25 per transaction (abridged-d… p. 4). Your first Delivery Instruction Slip (DIS) booklet is provided free (abridged-d… p. 4).

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