Account Opening(old)
- Getting started
- Paperless account opening
- Bank Details
- Documents required
- How to sell shares without a physical POA?
- Submitting required documents
- Mandatory hardcopy of POA
- Why POA is required
- Updating POA
- Change of mobile or email
- Change or update address
- Bank account proof
- Authorisation letter for ECC
- Documents accepted as income proof
- Performing in-person verification
- Unable to click NEXT button on document upload
- Brokerage and account opening charges
Signing a FATCA declaration
FATCA enables automatic exchange of financial information between India and the US. Indian financial institutions have to provide necessary information to Indian tax authorities, which will then be transmitted to the US. The inter-governmental agreement (IGA) with the US for implementing FATCA came into effect on August 31, 2015. Financial institutions were told to obtain self-certification and carry out due diligence procedure to determine the reasonableness of the self-certification in respect . For this reason the FATCA declaration is required as compliance requirement and to conduct the due diligence of the client.