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What KYC documentation should one undertake for opening an SBI FX Trade Account?

account documentation FX kyc opening sbi Trade undertake

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The SBI FX Trade KYC booklet contains six documents specified by the market regulators, Exchange and the Bank. The KYC form collects the details of the customer, which would be kept confidential by the Bank. The Investor Rights and Obligations document specifies the right and duties of the client who wishes to open a currency futures trading account. Risk disclosure document explains the various kinds of risks associated with the exchange traded currency futures market. Member-client agreement is executed between customer and the trading member (SBI) for participating in the exchange traded currency futures market. This agreement has to be stamped as per the applicable stamp act, the cost of which will be borne by the client. The agreement for sending the contract notes electronically enables the clients to receive the contract notes and other statements electronically.

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