Comment on Various Types of Accounts

Nithin Kamath commented on 29 Apr 2014, 08:29 PM

ECS form is for the demat AMC, you can opt to not sign it.

The cancelled cheque leaf is for a different reason, it is to map your bank account to the trading account, we ask for the original cancelled cheque to ensure that the bank account belongs to you only. It is a regulatory requirement, for us to ensure that the bank account mapped to the trading account for transfer/withdrawal of funds belong to the person who opens the account.

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