Abc Flashcards
What is the new Customer Type for Non Resident Customers?
10213 - Personal Public - Non Residents
Who qualifies as a Non Resident?
NRI (Non Resident Indian) and FC (Foreign Citizens)
Define NRI as per the current guidelines.
Indian passport holders working/studying/living abroad with a passport issued in India only.
What categories fall under Foreign Citizens (FC)?
- Foreign Nationals (Original FOREIGNERS) * Foreign passport holders of Indian origin holding OCI Card * Foreign passport holders of Indian origin not holding OCI Card * Indian passport holders with a passport renewed/issued in a foreign country
What must be done when creating a new CIF for an NRI?
Select Customer Type 10213 and provide Indian permanent address and current/local address as per guidelines.
Fill in the blank: Under the Identification Details tab for NRIs, the primary ID can be ______.
[AA - Passport with same address or BA - Passport with Photo but different address]
What is the required status for Domestic Risk when creating a CIF for Non Residents?
Select 3 - High Risk
What is the procedure for amending an existing CIF for an NRI?
Select Customer Type 10213 and update permanent and current addresses as per guidelines.
What is the identification requirement for Foreign Citizens (FC) when amending a CIF?
Primary ID options are the same as NRIs, but there will be no file number for FCs.
True or False: The Country of Residence must be India for Non Resident customers.
False
What details are required for FATCA/CRS updating?
- Residential Status * Country of Birth * Nationality * Country of Residence * Country of Residence as per Tax Laws * Permanent Address * Temporary Address * Self-Certification * Documentation Status
What is the significance of TIN in relation to tax residency?
It is a Tax Identification Number required for taxation purposes in the customer’s country of residence.
How should mobile numbers be formatted for foreign customers?
12 digits total including country code with no ‘+’ sign before the country code.
What is the process to change the SB product code to NRO/NRE?
Update the product code under Deposit/CC/OD to 20, with type 13 for NRO and 14 for NRE.
Fill in the blank: For NRE accounts, only ______ is permitted as a joint name holder.
[a non-resident]
What should be done if the customer has a foreign mobile number?
Ensure it consists of 12 digits including the country code.
What should customers in foreign locations do to avoid OTP delivery issues?
Opt for delivery of OTP to their registered email address.
