ACCOUNT OPENING

Table of Content:

1. What are mandatory elements in each Proof?

2. What all documents can be accepted for Date of Birth (DOB) proof if nominee is Minor?

3. Is nominee PAN card required?

4. For brokerage slab, can he put the table number, instead of brokerage slab?

5. Can a client initialize instead of signing on all pages? In case if he has what is the solution?

6. If Client has missed signature on one of the pages in KYC then?

7. Can client open an account in Proprietorship firm name?

8. What is the requirement if Bank Statement OR passbook is submitted as an address proof?

9. What is the procedure to be followed in case a MICR number is not reflected in the Account opening Module while punching the form?

10. Other than PAN, what all documents can be accepted as signature proof?

11. At the time of Data punching an error message is shown as “PAN already exists”, then what should be done?

12. If name on PAN is different from name on bank statement what should be done?

13. What if name on PAN is not proper, but other supporting are in correct name, by which name account should be opened?

14. Can a joint Holder in a bank provide the Bank Statement as an address proof for to open the Account?

15. Is Indian address mandatory for opening NRI account?

16. Can a Power Of Attorney (POA) holder open the account on behalf another person?

17. How do we check the status of the account opening form in the system?

18. What is the process to be followed to resolve an objection raised in the Account Opening form?

19. What is the process to check the Dispatch status of the Welcome Kit?

20. How would the Verification process happen for Non-Resident Indians (NRI) / Foreign National (FN) clients?

21. If company is newly formed and IT Return of the Company is not available, then what document should be submitted?

22. Who will sign the KYC in Body Corporate account?

23. For corporate account, what if there is no MD or Company Secretary appointed but only Directors. Then in this case who will pass the resolution?

24. Do we need to take the address and bank proof of all the directors or only the authorized signatories for corporate accounts?

25. In partnership account, in bank column, should the BA provide partner’s detail or the firm details?

26. In case of HUF, if co-partner is minor, who will Sign on POA?

27. Are the proofs for HUF co-partners are mandatory?

28. What should be done if name on PAN is different from name on HUF Rubber Stamp?

29. In case of HUF firm is newly established OR do not have IT returns in name of HUF, what documents to be provided?

30. Do we need to provide separate address proof for HUF even if address proof in name of Karta is submitted and HUF and Karta having same address?

31. What is the process to activate suspended accounts by HO?

32. Client has filled in the combined form but wants to open only Trading A/C. How should he go about it?

33. After rectification, in case of POA or any of the agreements, if the space is not available on that page, where should the client sign?

34. Can Individual give Proprietorship firm bank details?

35. If KRA page/ Nominee page/DP tariff sheet/ Brokerage page is damaged or major correction is done, can it be provided separately?

36. What is the procedure to open account in after marriage name OR changed name?

37. In after marriage case, what name should be written in place of Father’s/ Husband’s name in KYC?

38. What should be the trading code if account is already in System?

39. What is the process if account is ESBI account?

40. How to open only Demat account?

41. If client is joint holder in bank, can that bank details will accepted to map in Trading/ DP account?

42. Is bank proof required for 2nd and 3rd holder?

43. Is KRA required for all holders?

44. How much amount Notary required on margin funding?

45. Is it mandatory to punch proof details in Single KYC?

46. Is IPV process required for Commodity?

47. There are 2 separate IPV stamp format is given in two separate Circular which one is valid?

48. Who will be authorized to do IPV and document verification?

49. Can BA provide Authority to their employee for doing IPV on his behalf?

50. Where should we apply IPV stamp?

51. Can Authorized person do different signature across IPV?

52. Is it necessary that IPV date and the person name that is performing IPV should be same in single KYC system and on all documents?

53. Can BA use Motilal Oswal securities Ltd name and Registration number for IPV?

54. In case of BA been partnership firm, Can one partner do IPV on KRA and other partner do IPV in other Documents for one common client?

55. In case of BA been Body Corporate, Can one Director do IPV on KRA and other Director do IPV in other Documents for one common client?

56. Is it mandatory to mention Designation of the Person who is doing IPV?

57. What is the process if client is having account in Equity and want to open / activate in MCX-SX?

58.Can we accept income proof without client signature if DP holding of MOSL?

59.Can we accept Aadhar Card number proof of identification for Nominee?

60.What measures to be taken for affixing “verified with original” stamp on proofs ?

61.What measures to be taken for affixing ““In Person Verification” stamp on proofs ?

62.Where data will be now punch for new account opening ?

63.What is basic requirement of system to access CITRUS ?

64.What is the requirement for FAO activation ?

65.For addition activation of account in Fao what is the requirement?

66.Within how many days if objection is cleared then account opening handling charges (objection penalty) can be avoided ?

67.For addition activation of account in Commodity / Equity what is the requirement ?

68. Solutions for the frequent queries faced.