Resident Application Deposit Receipt: Fill & Download for Free

1) SAVINGS ACCOUNT:-a) Basic Savings Bank Deposit Accounts (BSBDA)This account will be considered as normal banking service.For this account, maintenance of minimum balance is not required.ATM card/ ATM cum Debit card, Rupay card will be given for the account holders.There are going to be no limit on the number of deposits that can be made in a month but, account holders will be allowed most of 4 withdrawals in a month, which includes ATM withdrawals also.The above facilities will be given without any charge. There will be no charge levied for non-operation/ activation of in-operative basic saving bank deposit account.For this account, overdraft facility will be provided up to Rs. 5000/-.b) Basic Saving bank Deposit Accounts Small scheme (BSBDS)These are accounts with relaxed KYC, with a minimum document requirement of self-attested address proof & photograph.Total credit should not exceed 1Lakh rupees in a year.Maximum balance should not exceed Rs. 50,000/- at any time.Cash withdrawals & transfers must not exceed Rs.10, 000/- in a month.Remittance from foreign account cannot be credited to this account without completing normal KYC formalities.This account can be opened only at Core Banking Solution linked branches of banks or at such branches, where it is possible to manually monitor the fulfillments of the conditions.2) REGULAR SAVINGS BANK ACCOUNTAny resident individual- single accounts, two or more individuals in joint accounts, Associations, clubs etc., are eligible for this account.Modest credit option available to the depositor.Two free cheque books will be issued per year.Internet banking facility will be provided without any charge.Balance enquiry, NEFT, Bill payment, Mobile recharge etc., are provided through mobile phones.Students can open this account with zero balance by providing the required documents.3) CURRENT ACCOUNTAny resident individual- single accounts, two or more individuals in joint accounts, Associations, Limited companies, Religious Institutions, Educational Institutions, Charitable Institutions, clubs etc., are eligible for this account.Payments can be done unlimited number of times.Funds can be remitted from any part of the country to the corresponding account.Overdraft facility will be available.Internet banking facility is available.4) RECURRING DEPOSIT ACCOUNTCUMULATIVE DEPOSIT SCHEMEAny resident individual- single accounts, two or more individuals in joint accounts, Associations, clubs, Institutions/Agencies specifically permitted by the RBI etc., are eligible to open this account in single/joint names.Periodic/Monthly installments can be for any amount starting from as low as Rs.50/- onwards.Account can be opened for any period ranging from 6 months to 120 months, in multiple of 1 month.The amount selected for installment at the start of the scheme will be payable every month.The number of installments once fixed, cannot be altered.Approved rate of interest is compounded every quarter.The amount after maturity will be paid to customers one month after the deposit of the last installment.Pass book will be given to the depositor.TDS will be applicable on the interest, as per the latest changes in the Income Tax Act on cumulative deposits also.5) FIXED DEPOSIT ACCOUNTa) SHORT DEPOSIT RECEIPTBanks accepts deposits from customers varying from 7 days to a maximum of 10 years.The period of 7 days & above but not exceeding 179 days deposits is classified as ‘Short Deposits’.The minimum amount that can be deposited under this scheme is Rs. 5 lakh for a period of 7-14 days.b) FIXED DEPOSIT RECEIPTAny resident individual- single accounts, two or more individuals in joint accounts, Associations, Minors, societies, clubs etc., are eligible for this account.The minimum FDR in metro & Urban branches is Rs. 10,000/- & in rural & semi urban & for Senior citizens is Rs.5000/- .For the subsidy kept under the government sponsored schemes, Margin money, earnest money & court attached/ordered deposits, minimum amount criteria will not be applicable.Depositors may ask for repayment of their deposits before maturity. Repayment of amount before maturity is allowable.Interest rate differs from bank to bank depending upon the tenure of the deposits & as when the bank changes the rate.Additional interest of 0.50% is offered for senior citizens on deposits placed for a year & above.6) DEMAT ACCOUNTUsed to conduct stress-free transactions on the shares.An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual Funds, Banks and Other Depository Account.For opening this account, an individual has to fill a form, submit a photo of the applicant along with a photocopy of Voter ID/ Passport/ Aadhar card/ Driving License & Demat account number will be provided to the applicant immediately after the completion of processing of the application.Facilities provided under this account are- Opening & maintaining of Demat accounts, Dematerialization, Rematerialization, Purchases, sales, Pledging & Unpledging, safe custody.7) NRI ACCOUNTS:-a) NRO ( Non-Resident Ordinary Rupees) Accountb) NRE ( Non-Resident External Rupees) Accountc) FCNR ( Foreign Currency Non-Resident ) Account

Note: The opinions expressed are from my personal knowledge & experience with offshore incorporation, banking & citizenship. This is an extract from a larger report I have earlier written on offshore banking and citizenship for some of my professional clients.Getting another citizenship or passport is one of the ways to secure your finances in order to eliminate your dependence on a single source of income, a single financial system, or a single government. By making sure that you have more than one option in terms of where you earn, save, and invest, you have a de facto insurance policy against a variety of threats to your wealth—from recession to financial collapse, to government confiscation.However, you don’t want to forget your most important asset of all—your physical self.Just like with your finances, there is a way that you can insure yourself against threats to your personal freedom and security. This comes by having a second passport. This is your personal insurance policy. And though you might never need it, you’re going to be really glad that you have it in case you ever do. A second passport can be that ticket out from tyranny or oppression, safe passage for you and your family to a new place where the opportunities are better, safer, and brighter. Even better, a second passport isn’t just about protection.An offshore bank, for example, not only helps protect your assets, but it can also open you up to take advantage of greater opportunities. Opportunities to profit. This could come from higher interest rates or the ability to hold your money in foreign currencies, enabling you to profit from currency fluctuations or even just lower transaction costs. The same goes for a second passport—while it’s the greatest defensive strategy out there, at the same time it’s also an exceptional offensive strategy. Because you see, one of the key benefits of a second passport is that it opens you up to a world with greater travel, work, business, and investment opportunities.Suddenly you have more countries in which you can reside, more countries in which you can pursue opportunities, more countries to explore without requiring a visa (or paying a fee). This makes a second passport an excellent thing to have, even if nothing catastrophic actually happens in your home country. The tricky part is in finding out which passport is best for you to pursue. Each option offers varying degrees of value to your life, and comes with different costs and trade-offs. It’s not a one-size fits all kind of thing.There are four different strategies to obtain a second passport:1. Ancestry2. Time3. Money4. FlexibilityMost countries provide a means for naturalization through residency, including the United States and Canada. However, the conditions vary wildly from country to country. So when figuring out which is the best option for you the three most important factors to consider are:1. How long do you have to be a resident in order to be eligible to begin the application process for naturalization?2. How hard is it to actually obtain residency? In the United States, for example, residency applications are scrutinized and generally rejected–hence the inordinate number of undocumented workers. In practice, America now sends the tired, poor, huddled masses back to whence they came from. Meanwhile, there are a number of other countries eager to take in smart, hard-working individuals, that have much simpler requirements.3. Do you actually have to live there? Many countries’ naturalization regulations require an applicant to spend the preponderance of his/her time in that country. Canada is a great example: if you become a Canadian resident and spend too much time out of the country, you render yourself ineligible for citizenship. Other countries, most markedly Panama, have very minimal requirements for how much time you actually have to spend physically in the country.While there are over a dozen offshore havens which allow for an easy citizenship and passport approval, I have listed out 3 of the simplest and fastest ones.Argentina: First off, an Argentine passport is an excellent travel document in terms of number of countries you can visit visa-free. This covers all of Europe, including Russia, Turkey etc. However, unlike Chilean passport holders, Argentine passport holders do need a visa to the USA, Canada, and Australia. What makes Argentina’s citizenship especially attractive though is how short the time requirement is to apply for naturalization. Argentina’s nationality law has been unchanged since 1869 and says that one can qualify to become a citizen after only TWO years of residing in the country. And any residency visa qualifies you for this. The easiest options are the so-called rentista or retiree visas, which require you only to prove a certain amount of monthly passive income. In Argentina, in order to qualify for the rentista visa you need to demonstrate a minimum of $1,000 per month in passive income, which needs to be transferred to an Argentine bank account in your name.The following type of income is suitable for the rentista visa:• Income derived from financial investments: dividends, annuity, receipts from a trust, interest payments from certificates of deposit etc.• Regular distributions from a business you own outside of Argentina• Rental income from outside of ArgentinaIt’s best to initiate the residency process while in Argentina, not at a consulate abroad, which will only complicate matters unnecessarily. Once you have your residency you should look to spend at least six months of the year in Argentina for both years. After two years, you may apply for naturalization. However, given the complexity of the court approval system, I’d recommend commissioning professional legal help to guide you through the process, which should take about 9 months to a year. Upon application you’ll also need to show at least lower intermediate level of Spanish language proficiency. The language test is very informal and “friendly”, usually consisting of just a short conversation.Chile: A Chilean passport is one of the most valuable passports out there. With it you can travel to 150 countries visa-free, ranking it 18th in the world. Even more impressively, the Chilean passport is one of only two (the other being South Korea) travel documents that enables you to travel to all G8 countries visa-free.That even includes the US, Canada, and Russia. It’s not overly difficult to obtain either, it just takes time—roughly five years of continuous residency, first temporary, followed by permanent residency. There are a number of ways to obtain temporary residency. For individuals with established income and assets there is an easy way called the rentista visa. To apply for this visa, you need to prove that you have income from investments held overseas.In general, such income could be from:• Ownership of real estate that generates rental income• Shares of a company or publicly-traded stock that pays a dividend• Bond investments that pay a coupon• A lump sum in a bank account that pays sufficient interest• Pension incomeThe slight catch here is that the immigration department doesn’t actually release the amount of income required per person. However, if you’re earning a minimum of US$1,000 to US$1,200 per month through qualified income, this seems to be the magic number based on our boots on the ground experience.I do suspect that, eventually, this number will be codified. And it will probably be higher than the $1,000[ish] range we’re seeing now. After nine months on the rentista visa, and having spent at least six months (185 days) in Chile, you can apply for permanent residency. Note, the six months do not need to be all at once and can be accumulated over the course of the year.Some other visa categories are:• A sujeta a contrato visa allows one to stay in Chile while working for a specific employer. If one loses the primary job, s/he loses the visa as well unless employment transfers to a second employer the same day.The length of the visa is equal to the lesser of the length of the work contract or two years. As end of the second year approaches, one can apply for permanent residency.• The visa como inversionista is a one-year investor visa that requires an applicant to present a business plan to the department of immigration which will decide if s/he is worthy of a visa to start their business in Chile. One can do this if relocating a company from abroad to Chile as well. I don’t advise applying for this visa unless you’re looking to take advantage of some of Chile’s attractive incentives for entrepreneurs. One can apply for permanent residency after nine months on the visa, and having spent at least six months in Chile.• The permanencia definitiva is a permanent residency visa that entitles one to have the same legal standing as a Chilean, just without a passport or the right to vote. Unlike citizens, permanent residents have to touch Chilean soil at least once a year to maintain this visa. This visa is the upgrade for the three types of temporary visas above.Once the temporary residency application is received, it takes about six months to be approved. Important to note is that Chile is not one of the places where you can show up for a week, then come back after a few years to collect a passport.It’s important to at least spend meaningful time (more than six-months) during the year of your temporary residency if you want to progress to the permanent residency stage. That said, Chile is a great place to spend northern hemisphere winter months in, conveniently enabling you to fill out your time requirement while avoiding shoveling snow.Belgium: Belgian citizenship is quite valuable as a gateway to the European Union. This often overlooked country has some great options for gaining residency, and once you become a resident you can apply for naturalization in 5 years.The best way to obtain residency (and eventually citizenship) in Belgium generally looks like this:1) Set up a company in Belgium and apply for the professional card residency— or hire yourself and apply for a work permit. I advise that you enlist the services of a legal professional to assist you through this process.2) Obtain a residential address, either through renting or purchasing a home. Some people who go through this program rent a small place for a few hundred euros per month.3) Once you have the address, register at the local city hall. Make sure you’re at that residence for the initial police check, which usually happens within two weeks and likely won’t be repeated during the course of the visa.4) Congratulations, you’re a resident of Belgium.5) Apply for renewal indefinitely (first after 2 years, then every 5 years), as long as you meet your obligations. (For example, if you’re a resident from having started a company and you say in your application that you’ll hire 3 people, make sure you hire 3 people. Also, a clean criminal record is necessary.)6) Learn some French or Flemish (Dutch) or German. Join a gym, club, or some social organization. Meet a few people. Prove that this is more than a paper residency.7) You are eligible to apply for naturalization after five years, which is when you can go to your local municipality to state your intention of becoming a naturalized Belgian citizen. They’ll inform you of the documents necessary for application. Items such as birth certificates may need to be translated and apostilled (certified by a Belgian consulate in the jurisdiction where they were issued), and then you can apply. Important to note is that in order become naturalized, you don’t technically need to live in Belgium full-time.Besides, the Belgian government has no way of knowing whether you’re spending your time in Antwerp, or Bordeaux—Europe’s borderless Schengen Area works to your advantage here.That said, you do need to spend a “reasonable” amount of time there each year and show that you’ve woven yourself into the social and/or business fabric (hence point 6 above). They’re becoming increasingly strict about that last part, so if you’re aiming for citizenship you really do need to make an effort to become part of Belgian life.Conclusion: A second passport stands to be the best insurance policy possible for your physical self, your freedom and your opportunities. Not all second passport routes are right for everyone, but by considering your preferences, situation, and options, you should be able to find one that’s right for you. In order to make the best decision, look at what a passport can offer you.Look at which countries particular passports open doors to and how they stand to reduce your tax burden. Then compare that against the costs. Not just in terms of the monetary commitment, but also in terms of your time expenditure and the necessary adjustments to your lifestyle. Ideally you’ll find a place where you wouldn’t mind spending a bit of time in, which makes the application process not only cheaper and more pleasant for you, but it even makes the document you end up with more legitimate.At the end of the day, these things take time, and they take effort. And like any insurance plan you need to have it in place BEFORE crisis strikes in order for it to be effective. Thus it makes sense to start taking action as soon as possible. You surely won’t be any worse off for doing so. Then, once you you have your second passport in hand, go ahead and feel relieved, knowing that no matter what happens you have a Plan B, a way out in case crisis or chaos strikes your home country.Believe me, it’s one of the best feeling in the world.

1 . The Money Multiplier feature shall be effective from July 1, 2005. The Money Multiplier feature is available for ICICI Bank customer/s ("Customer/s") who hold a resident Indian Savings Bank Account/s (“Resident Savings Account/s”) with ICICI Bank Ltd. (the “Bank”). The terms and conditions of the Money Multiplier feature as contained herein, hereby amend and substitute the Auto Invest Account deposit scheme that was popularly known by its brand-name ‘Quantum Optima', (the “Quantum Optima facility') to the extent that the said terms and conditions applied to Resident Saving/s Account/s,2 . Under the Money Multiplier feature, such number of Fixed Deposits is / are created and linked to the Resident Savings Account/s, as are requested for by customer/s, in the manner and subject to the conditions specified herein below. Such linked Fixed Deposits are broken automatically and the money therein is transferred back to the Resident Savings Account/s, ("Reverse Sweep ") to meet any shortfalls arising in the Resident Savings Account/s as a result of withdrawals vide issuance of cheques, ATM withdrawals etc., or as a result of insufficient minimum quarterly balance mandated for such Resident Savings Account/s by ICICI Bank Ltd (hereinafter referred to as “the Bank”) from time to time.3 . The eligibility criteria for availing the Money Multiplier feature is as follows:The customer/s should hold a Resident Savings Account, (as defined herein-above) of the Bank.The customer/s has/have to maintain a minimum average balance of Rs. 15,000 or Rs 30,000, in case the customers hold Special Resident Savings Account, as may be designated from time to time by the Bank, in the linked Resident Savings Account/s.4 . For availing the Money Multiplier Feature, customer/s who has / have opened a Resident Savings Account/s on or after July 01, 2005, should follow the following procedure:Customer/s should send a request for enabling the Money Multiplier feature to the Bank through infinity, phone banking or the Bank's branch and creation of Fixed Deposit/s from the funds available in the Resident Savings Account/s of such customer/s, along with complete details required by the Bank for creation of such Fixed Deposit/s, such as the number of Fixed Deposit/s that have to be created and the term for which such Fixed Deposit/s should be created. On receipt of the request and complete information, the Bank will create such number of Fixed Deposit/s from the funds available in the Resident Savings Account/s, as are requested for, by the customer/s and link the Fixed Deposit/s to such Resident Savings Account, subject to availability of sufficient funds in the customer/s Resident Savings Account/s.5 . Customers who had subscribed to the Quantum Optima facility and had the auto sweep facility enabled for the Resident Savings Account (a facility where under, Fixed Deposit/s would be created automatically from the funds available in the Resident Savings Account/s of such customer/s in case the moneys therein exceeded specific threshold amounts, as specified by the customer/s at the time of subscribing the Quantum Optima Facility) as of June 30, 2005, can continue to avail of the auto sweep facility through the following procedure:Customer/s should inform ICICI Bank that they would like to continue availing the auto sweep facility, in accordance with the communication sent to them by ICICI Bank along with their June 2005 quarterly account statement/s. The fixed deposits under the Money Multiplier feature will be created in units of Rs. 5000/- each.6 . All Fixed Deposit creation requests must be in multiples of Rs. 5000/- only. The Bank will not process any request/s if the amount specified is not in multiples of Rs. 5000/- only.7 . More than one (1) Fixed Deposit can be created and linked to the same Resident Savings Account.8 . Reverse Sweep will be enabled in multiple/s of Rs. 5,000 only, whenever the balance in the linked Resident Savings Account falls below Rs. 10,000 or Rs 30,000 in case the customer/s is / are hold Special Resident Savings Account, as may be designated from time to time by the Bank.9 . All savings account transactions are available currently for Resident Savings Account/s can be carried out from the Fixed Deposit/s linked Resident Savings Account/s and the terms and conditions applicable for such Resident Savings Account/s shall continue to govern such Resident Savings Account,10 . Charges would be levied for non-maintenance of minimum balance in the linked Resident Savings Account/s as per Bank's rules from time to time.11 . Default period of linked Fixed Deposit/s opened under the Money Multiplier Feature will be one (1) year or any other period if so stipulated by the customer(s) [whichever is higher]12 . The Fixed Deposit/s created under the Money Multiplier feature will carry rates of interest as revised by the Bank from time to time and as per the RBI guidelines.13 . The Fixed Deposit/s falling due, along with interest accumulated against such Fixed Deposits, will be renewed on the date of its maturity from time to time, by default, (“Auto Renewal Scheme”) for a further period of one (1) year or any other period stipulated by the customer/s [whichever is higher] under the Auto Renewal Scheme. The interest payable on such Fixed Deposit/s will be at the rate applicable on such Fixed/ Deposits of the Bank, for the respective period, prevailing as on the date of such renewal.14 . The Bank will renew the Fixed Deposit/s along with interest accumulated against such Fixed Deposits, as mentioned herein above subject to Tax Deduction at Source (TDS). Where applicable (for Fixed Deposits under Traditional and Reinvestment Plans), unless instructions to the contrary are received from the customers in accordance with the then applicable laws.15 . The Bank is authorised to link all fixed deposits (except tax saver fixed deposit) which are of tenure 1 year and above made by the Bank to the operative Resident Savings Account/s under the Money Multiplier feature. If the customer/s desire/s to link any deposit/s, including Fixed Deposit/s opened by any other means, separate instructions to that effect need to be given to the Bank by the customer/s16 . The Bank will keep in safe custody, free of charge, the Fixed Deposits opened/renewed under the Money Multiplier Feature from time to time.17 . No overdraft/loan will be provided against the security of fixed deposits made under the Money Multiplier Feature.18 . In case the customer/s issues(s) cheques on the linked Resident Savings Account/s, or draw(s) from the ATM or the Bank passes debits in the normal course for recovering dues from the account holder(s), under the ‘Reverse Sweep' facility or withdraw/s moneys from the Resident Savings Account/s in any manner whatsoever, the Bank is authorised to:i . honour these cheques/debit/ATM withdrawals/withdrawals through any other means, even if there is a shortfall in the Resident Savings Account/s, provided the shortfall is not more than the aggregate deposits that the customer/s may have with the Bank under the Money multiplier Feature.ii . prematurely, or otherwise encash the Fixed Deposit/s in units of Rs. 5000/- and multiples thereof to meet the shortfall. If the customer/s has/have more than one deposit under the Money Multiplier Feature, the last Fixed Deposit made under the Money Multiplier Feature will be used first (LIFO) to meet the shortfall and if this is not adequate, the Money Multiplier Feature made prior to the last Money Multiplier Feature will be used and so on and so forth, until the shortfall is fully met.19 . Customer/s can request for de-linking of Fixed Deposits made from the savings account through the Money Multiplier feature by sending a request to the bank through Infinity. Phone Banking or the Bank's branch.20 . The Fixed Deposits linked under Money Multiplier Feature will be under unconditional lien to the Bank and the Bank will have a right of set off against the dues payable to the Bank. For this purpose, the bank is within its rights to close the Fixed Deposit(s) prematurely by applying default rate of interest/s. The Bank's lien will have priority over any obligation to pay a cheque drawn on the linked Resident Savings Account/s.21 . The customer/s should advise the Bank in writing of any change in their residential status and communication address.Hope It HelpsHappy Scrolling