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What type of bank account details is to be given at the time of account opening and subsequently [by way of change of details]?

April 26, 2017account bank account given opening subsequently time type

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What type of bank account details is to be given at the time of account opening and subsequently [by way of change of details]?

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Ans. The bank details recorded by the DP may be used by the Issuer of securities to directly credit the dividend or interest.

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Ans. The following bank accounts may be given: For non-repatriable – NRO [dividend/interest is repatriable] For repatriable – NRE The above details recorded by the DP in the demat account may be used by the Issuer to directly credit dividend or interest. (Dividend/interest received on Investments made on repatriation and non repatriation basis under Portfolio Investment Scheme is not an eligible credit to NRE (PIS) Account and NRO (PIS) Account respectively).