IDFC
IDFC
IDFC
Application Date
D D M M Y Y Y Y
• Please complete this form in black ink and in CAPITAL LETTERS or where applicable
• Initial payment in cash is accepted only at IDFC FIRST Bank branches • Account opening cheque should be in favour of the account holder only
Customer ID (If applicable) CKYC Number (If applicable)
TELL US ABOUT YOURSELF
Applicant Name
Line 1
Line 2
Landmark
(If any)
City State Pin Code
I/We shall submit Officially Valid Document with the updated current address within a period of three months of submitting the documents above.
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TELL US WHAT YOU DO FOR A LIVING
1) Occupation (Select Anyone)
1a) Salaried (Select Anyone) Public Private Government
Corporate Name
1b) Self Employed Doctor CA Architect Lawyer Consultant Entertainment
Professional Alternate Medical Practitioner Beautician Others
1c) Self Employed Business Sole Proprietorship Partnership/Company No. of years in business < = 5 yrs > 5 yrs
1d) Any other Occupation Homemaker Retired Farmer Politician Student Minor
2) Source of Income Salary Business Professional Fees Investments Agriculture Family Wealth
3) Gross Annual Income (INR)
Please submit the GST annexure if you are registered or exempt under GST
4) Are you a PEP* or related to one? Yes No
*Definition: Politically Exposed Persons (PEPs): Politically exposed persons are individuals who are or have been entrusted with prominent public functions in a country.
Examples of PEPs include, but not limited to: (i) Heads of States or of Governments (ii) Senior politicians (iii) Senior government / judicial / military officers (iv) Senior executives of
state-owned corporations (v) Important political party officials (vi) Senior Indian Diplomatic personnel posted outside the country.
The term PEP also includes the families and close associates of the PEPs mentioned above.
Overseas Jurisdiction Address Type Address is same as Officially Valid Document Address is same as communication
Address is different (Please update Overseas Jurisdiction Address separately)
Father’s Name (Mandatory, if customer does not have PAN) Spouse Name
Voter ID
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PLEASE COMPLETE YOUR ADDRESS AS MENTIONED IN YOUR OFFICIALLY VALID DOCUMENT (OVD)
Aadhaar Passport Driving License Voter ID NREGA NPR
Line 1
Line 2
Landmark
(If any)
CURRENT ADDRESS
Same as Above or Deemed OVD* (select any 1 document) This is my Residence Place of Work
Utility Bill Property or Municipal Tax Receipt Letter of Allotment/Leave and License Agreement #
Letter issued by Foreign Embassy
Line 1
Line 2
Landmark
(If any)
City State Pin Code
I/We shall submit Officially Valid Document with the updated current address within a period of three months of submitting the documents above.
E-mail ID
Fill in CAPITAL LETTERS. All communication for this account will be sent to the Mobile / Email of the first holder.
1c) Self Employed Business Sole Proprietorship Partnership/Company No. of years in business < = 5 yrs > 5 yrs
1d) Any other Occupation Homemaker Retired Farmer Politician Student Minor
2) Source of Income Salary Business Professional Fees Investments Agriculture Family Wealth
3) Gross Annual Income (INR)
Please submit the GST annexure if you are registered or exempt under GST
4) Are you a PEP* or related to one? Yes No
*Definition: Politically Exposed Persons (PEPs): Politically exposed persons are individuals who are or have been entrusted with prominent public functions in a country.
Examples of PEPs include, but not limited to: (i) Heads of States or of Governments (ii) Senior politicians (iii) Senior government / judicial / military officers (iv) Senior executives of
state-owned corporations (v) Important political party officials (vi) Senior Indian Diplomatic personnel posted outside the country.
The term PEP also includes the families and close associates of the PEPs mentioned above.
MODE OF OPERATION
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IF YOU SELECT “MINOR UNDER GUARDIAN” PLEASE COMPLETE BELOW
Customer ID of Guardian:
Relationship with Minor Father Mother Court Appointed (If yes, please attach a copy)
Funding Mode
Account Number of Guardian to be debited:
One time funding of INR from above account
Monthly debit of INR from above account for months* from the of this/next month
(*Minimum 24 months)
Name & Signature of the Guardian
You may fill in how you would like your name to appear on your debit card (if different from the name on your account)
First/Primary Applicant
Second/Joint Applicant
To enable international usage on your debit card, please use Limit Management under Debit Card section on Internet/Mobile Banking.
I/We wish to opt for Sweep Out facility from the Senior/Minor Account being opened
• Sweep Out is a facility which provides liquidity of a Savings Account coupled with higher interest earnings of a Fixed Deposit (FD)
• Through Sweep Out facility, savings balance from the account is transferred automatically into a Fixed Deposit, at a specific threshold limit
basis product offering
• Fixed deposits are formed for default tenure of 1 year 1 day only, at applicable interest rates
• Sweep In facility is enabled by default for all FDs book through Sweep Out
• The frequency of sweep out for deposit booking will be weekly subject to availability of balance and will start next day from when the sweep
out is set
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WOULD YOU LIKE TO CHOOSE A NOMINEE FOR THE ACCOUNT?
(Nomination under Section 45 ZA of the Banking Regulations Act, 1949 and Rule 2(1) of the Banking Companies (Nomination) Rule, 1985 in respect to Bank Accounts.)
The Nominee or Guardian (if applicable) cannot be a holder on the account.
Yes, I want to nominate the following person to whom in the event of my/our/minor’s death the amount of deposit in the
account may be returned by IDFC FIRST Bank Ltd
No, I do not wish to nominate anyone on my behalf at this moment. I understand the advantages of nomination and the consequences of not
nominating anyone to my account
Customer ID (In case an existing account holder, don’t fill address)
Nominee Name
Nominee Address Same as primary account holder communication address OR Update address as below
If the nominee is a minor**, please complete this section. As the nominee is a minor on this date, I/We appoint:
Guardian Name
Guardian Address
to receive the amount of deposits in the account on behalf of the nominee in the event of my/our/minor’s death during the minority
of the nominee. (** Where deposit is made in the name of a minor the nomination must be signed by a person lawfully entitled to act on behalf of the minor)
Please mention the nominee name in the statement/advice/passbook
I/We do hereby declare what is stated above is true to the best of my knowledge and belief.
Date Place
D D M M Y Y Y Y
WITNESS 1 WITNESS 2
(Required only if applicants use thumb impressions) (Required only if applicants use thumb impressions)
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DECLARATION (Please read carefully and sign at the end of this section after you have filled in all the details in the form)
1. I/We wish to avail the banking facilities/products from IDFC FIRST Bank Limited (“IDFC FIRST Bank”), and other products/services including Mutual Funds and/or
insurance products that are offered by IDFC FIRST Bank in its capacity as an Intermediary and /We have read, understood and agree to the Terms and Conditions
displayed on the website of IDFC FIRST Bank i.e. www.idfcfirstbank.com w.r.t. the said banking facilities and other products/services, which may be amended by IDFC
FIRST Bank from time to time and hosted and notified on the website of IDFC FIRST Bank.
2. I/We have read, understood and agree to the charges/costs, mentioned in the extant Schedule of Charges pertains to the banking facilities and products as well as the
facilities and/or the other products which I/we wished to avail.. This Schedule of Charges is also displayed on www.idfcfirstbank.com .
3. I/We agree to abide by and be bound by all applicable rules/regulations/instruction/guidelines issued by the Reserve Bank of India, and under the FEMA regulations, 2000
governing EEFC Accounts, the Foreign Exchange Management Act, 1999 and Foreign Account Tax Compliance Act 2010 (to the extent applicable to India) and the
Common Reporting Standards (CRS), in force from time to time. I/We have declared our status as per the rules applicable under section 285BA of the Income Tax Act,
1961 (the Act) as notified by Central Board of Direct Taxes (CBDT) in this regard.
4. I authorize IDFC FIRST Bank to conduct my credit history verification with CIBIL or any other credit rating agency and acknowledge that IDFC FIRST Bank shall have the
right and authority to carry out investigations from the information available in public domain for confirming the information provided by me to IDFC FIRST Bank. I declare
that I have not availed any credit facility from any bank or have obtained NOC from such bank(s) for opening of a current account with IDFC FIRST Bank. I also hereby
authorize IDFC FIRST Bank to retrieve my credit information report with help of accredited credit rating agencies and share the same with me directly as per bank’s
internal policy.
5. I/We agree to furnish and intimate to IDFC FIRST Bank any other particulars that we are called upon to provide on account of any change in law/statutory requirements
either in India or abroad. I/We authorize IDFC FIRST Bank to exchange, share or part with all the customer information/KYC documents provided herein with financial
institutions/agencies/statutory bodies/other such persons including but not limited to financial products/services providers e.g. Insurance companies, Asset Management
Companies etc which whom IDFC FIRST Bank has agency/distribution/marketing/referral arrangement, as may be required by IDFC FIRST Bank. I/We shall not hold IDFC
FIRST Bank or its agents/representatives liable for using/sharing such information.
6. I/We hereby declare that the information provided herein as well as in the documentary evidence provided by me/us to IDFC FIRST Bank (the “Customer Information”) is
true, correct and complete in all aspects to the best of my/our knowledge and that I/we have not withheld any Customer Information that may affect the
assessment/categorization of the account as a Reportable account or otherwise. I/We further agree that any false/misleading Customer Information given by me/us or
suppression of any material fact will render my/our account liable for closure and the bank shall have the right to initiate any action, under law or otherwise.
7. If any of the information provided here is incorrect, I/We hereby agree to indemnify and keep indemnified IDFC FIRST Bank, affiliates and their successors or assignees.
8. I/We agree and understand that IDFC FIRST Bank reserves the right to reject my/our account opening application form/request and/or the request for availing the
services/products without assigning any reason thereof and without being liable to me/us in any manner whatsoever.
9. I/We authorise IDFC FIRST Bank to submit applications / other relevant documents, debit my/our bank account, transfer funds in any form and manner for transactions
in Mutual Funds/Other investment products or do any such incidental things in pursuance of the specific instructions given by me/us or my/our Attorney from time to
time for the services and/or the products I/we wished to avail. I hereby agree and consent to avail other products/services including Mutual Funds and/or insurance
products and further agree to absolutely abide by all the Terms and Conditions in respect thereof.
10. I, being the Sole Proprietor of the Sole Proprietorship Concern (as mentioned above) hereby agree and consent to avail the “Truly One Account” of IDFC FIRST Bank and
further agree to absolutely abide by all the Terms and Conditions in respect thereof, as may be notified by IDFC FIRST Bank from time to time.
11. For accounts with Method of Operation “Either or Survivor”: I/We hereby confirm that premature withdrawals of all Term Deposits placed and/or proposed to be placed
shall be paid by IDFC FIRST Bank under the operation rule of “Either or Survivor”.
12. I hereby consent to receiving information from Central KYC Registry through SMS/Email on the registered number/email address shared with IDFC FIRST Bank.
13. I am fully aware that the bank sends SMS alerts on all account/card related transactions promptly on the mobile number shared at the time of account opening/updated
subsequently and any failure to update contact information with the bank may result in any financial loss in case of misuse of cards.
14. All fees/charges to be paid shall be exclusive of goods and services tax (GST), as may be applicable. IDFC FIRST Bank will provide me/us Services Accounting Code (SAC) and this
will quoted in all our invoices/credit/debit notes. IDFC FIRST Bank will determine if I/We are related party based on documents available or submitted for this purpose. IDFC FIRST
Bank will determine the location of service provided which shall be binding on me/us. I/We shall provide the Bank with the details of exemption or lower rate of tax, if any supported
by relevant documents prior to availment of services. For smooth realisation of input tax credit, I/We shall validate the invoices uploaded in the GSTN portal by the Bank between
the 10th - 15th day of the month succeeding the relevant period. In case of any discrepancies, I/We shall bring it to the notice immediately. IDFC FIRST Bank will issue invoices on a
monthly basis. The contents of all the invoices, debit notes, credit notes, etc. will be as per rules and guidelines in the GST law.
15. IDFC FIRST Bank protects the interest of its customers against any unauthorised electronic banking transaction. You may visit Bank’s website www.idfcfirstbank.com for more
details in respect of the same.
16. I understand, acknowledge and authorize that as per the provisions of Income Tax Act, Rules made thereunder and the guidelines issued by the Government/RBI in the
matter, depending upon the residential status and/or other criteria stipulated therein, the Bank may have to report the details in respect of my account(s) as per the
prescribed format to the Central Board of Direct Taxes (CBDT) or other Government Agencies to comply with the obligations as per the Inter-Governmental Agreements
(IGA) in respect of Foreign Accounts Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) and / or any other similar arrangements.
17. I undertake the responsibility to declare, disclose and recertify within 30 days any changes that may take place in the information provided in the account opening form
and signed by me as well as in the documentary evidence provided by me or if any certification become incorrect.
18. I agree to furnish any declaration/information that is called upon me by IDFC FIRST Bank in order to ascertain my compliance wrto tax return filings for the purposes of
Section 194N of the Income tax Act, 1961 governing TDS on cash withdrawals in such form and manner as may be required by the Bank.
19. I also agree that our failure to disclose any material fact known to me now or in future, may invalidate my application and IDFC FIRST Bank would be within its right to put
restrictions in the operations of my account or take appropriate action permissible under the Indian regulations for the purpose or take any other action as may deemed
appropriate if the deficiency is not updated/rectified by me within the stipulated period.
20. I agree to furnish any particulars/information that is called upon me by IDFC FIRST Bank on account of any change in law either in India or abroad in the subject matter
herein.
21. In the event there is any tax demand {including interest(if any)} raised due to nondisclosure/inaccurate disclosure of information/documents on my/our part, I undertake
to pay the demand forthwith and provide the bank with all information/documents that may be necessary for any proceeding before GOI/RBI/Income Tax Authorities.
Would you like IDFC FIRST Bank or its representatives to contact you and tell you about various Yes No
products (including insurance), services and offers?
FIRST/PRIMARY APPLICANT SIGNATURE SECOND/JOINT APPLICANT SIGNATURE
NAME NAME
Date Date
D D M M Y Y Y Y D D M M Y Y Y Y
Place Place
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BANK USE SECTION:
*Mandatory
01. Payment Details
Amount Cash (Only at the Branch) Cashier’s Signature ____________ Employee ID _____________
Employee ID _______________________________________
D D M M Y Y Y Y
06. *Checker confirmation by BM / SM / APM / ASM / CSRM (Corp. Salary) / RM-BB (Rural Banking)
I have checked the account opening form along with the supporting documents submitted by the customer and found the same
to be acceptable for account opening as per the present KYC policy and relevant operating guidelines of the Bank.
Name
Employee ID
Designation
Signature
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