Page 47 - BANKING FINANCE November 2018

BAN N

o close the account e ra e o in ere on eli i le CRR alan e i
Delete the na e o and allo the account to continue
as R account or redesignate the account as R C i no int is a a le
eligi le account at the o tion o the account holders
the account re ain R a c er C nor ran e oul oni or
it should e con erted into R a c cash de osits lakhs and a o e in de osit accounts
cash a ent o lakhs and a o e in de osit accounts
i e re i en ower o a orne ol er o i cash recei t cash a ent Rs lakhs or a o e in
a in a R a oun wi our ran an
de osits accounts including CC D
Re atriate and ake a ent o gi ts ro this account
nl cash de osit in Sa ings account or Rs lakhs and
re atriate onl in the na e o account holder i
a o e
s eci ied ut can not ake a ent o gi ts
ake a ent o gi ts ut not re atriation
or C nor u o er ean
neither re atriate nor ake a ent o gi ts
a erson or entit that aintains an account or usiness
relationshi
or i u e or
one on hose ehal the account is aintained
or o ening R accounts
ene iciaries o transactions conducted ro essional
or o ening C R accounts
inter ediaries such as stock rokers Charterd
or o ening R accounts
acountants etc
or a ent alance in the R C R accounts the
an erson or entit ith inancial transaction hich can
deceased account holder to the non resident no inee
ose signi icant re utation or other risks to the ank a
along ith other docu ents
ire trans er or issue o high alue DD
to to
or no i re uire o e re are in a e
ran a ion i o
i o e ollowin will o e un er e i ien
RS or a o e
o er i e o ank a er on u er ro e ion a
a o e RS
ailure to re und de osit a ount on aturit
a o e RS
non re unding the one to urchaser on account o
a o e RS
loss o tra elers che ue
dela in crediting ension
i a in R a oun wi our ran e o e
not inti ating the de ositor hen the che ue is
er onall an wan o e o i SD in e
is laced acce ted in clearing
or o urren in i a oun
all the a o e
a acce t it as he has co e ersonall
ou ill ask or CD or e ore acce ting it
n er on u er ro e ion a e i ri
CD or is not re uired as the a ount does not e ceed
SD oru an en er ain o lain w ere e alue o
none o the a o e oo an er i e an o en a ion lai e
not e ceeding lakhs
non re i en an rin an a oun o orei n not e ceeding crore
e an e in o n ia crore and a o e
the a i u li it is SD or e ui alent
S ho e er he should declare in CD i the a ount De and dra t is issued or Rs ou ill unch the
e ceeds SD or its e ui alent and or the oreign holes
currenc notes do not e ceed SD or its e i alent D D
he erson should ha e R er it to ring ore than D D
SD
none o the a o e ns on a e 5

B N N N N E | NOVEMBER | 2018 |