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

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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