Organisation : Stock Holding Corporation of India Ltd
Facility : Open Non Residence Indian Account
Home Page : http://www.shcil.com/
Download here :https://www.statusin.in/uploads/1524-indemnity.pdf
Open Non Residence Indian Account :
Before you open your account :
** Ascertain your NRI Depository Account status as per guidelines issued by RBI from time to time.
** In case of Joint Account, status of the first holder is reckoned for all purposes.
Related : Stock Holding Corporation Online Bill Payment : www.statusin.in/5511.html
Check your form against these details :
** All columns are filled in. Write NA wherever not applicable.
** Specify status as Non Repatriable (NRO) or repatriable (NRE). Status cannot be changed once account is opened.
** Bank account details should be compulsorily provided along with 9 digit MICR code
** Ensure that the account status and bank details are as below :
** a. If the status is NRE, bank details can be “NRE’ or ‘NRO’.
** b. If the status is NRO, bank details can be ‘NRO’ only.
** Copy of RBI approval is not mandatory and the standing instruction for automatic credits may be marked as ‘Y’ without furnishing RBI approval. However, the onus of reporting to RBI is on the client.
** Proof of identity by way of Copy of your Passport and Bank Account attestation is compulsory.
** Initial the agreement on the front side and sign in the order of holders in the backside of the agreement
Nomination :
a. Nominee may be any person other than the account holders
b. Photograph of the nominee has to be affixed on the nomination form
c. The nominee must sign across the photograph and in the space provided below
d. If the nominee is a minor, the guardian shall sign at all places where the nominee is supposed to sign
e. Photograph of the guardian also has to be affixed on the nomination form.
Your account is opened :
** Once your account is opened, you will be allotted a client identity number. You will be sent an operating kit containing :
** Details of your account as provided by you and as recorded by SHCIL.
** Copy of the agreement entered into with SHCIL.
** “Delivery instruction by client” booklet allotted to your demat account. This booklet helps you transfer shares from your account to broker account and other accounts.