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    Mid Current Account

    Uploaded by

    Leo Saim
    1. The document is a request form to open a current, cash credit, or overdraft account with HDFC Bank. 2. It outlines different scenarios for the applicant's existing banking exposure and whether the account can be opened or if only a collection account is permitted. 3. The applicant agrees to keep the bank informed of any changes to their banking exposure and consents to the bank checking their credit information from external agencies to verify the details provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mid Current Account

    Uploaded by

    Leo Saim
    60 views1 page
    1. The document is a request form to open a current, cash credit, or overdraft account with HDFC Bank. 2. It outlines different scenarios for the applicant's existing banking exposure and whether the account can be opened or if only a collection account is permitted. 3. The applicant agrees to keep the bank informed of any changes to their banking exposure and consents to the bank checking their credit information from external agencies to verify the details provided.

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    1. The document is a request form to open a current, cash credit, or overdraft account with HDFC Bank. 2. It outlines different scenarios for the applicant's existing banking exposure and whether the account can be opened or if only a collection account is permitted. 3. The applicant agrees to keep the bank informed of any changes to their banking exposure and consents to the bank checking their credit information from external agencies to verify the details provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    60 views1 page

    Mid Current Account

    Uploaded by

    Leo Saim
    1. The document is a request form to open a current, cash credit, or overdraft account with HDFC Bank. 2. It outlines different scenarios for the applicant's existing banking exposure and whether the account can be opened or if only a collection account is permitted. 3. The applicant agrees to keep the bank informed of any changes to their banking exposure and consents to the bank checking their credit information from external agencies to verify the details provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Undertaking for opening a Current/CC/OD Account in HDFC Bank Ltd.

    To, Date: ___________________


    The Branch Manager
    HDFC Bank Limited, (_____________________________ Branch)
    ………………………………………………………………………………. …………………………………………………………(name of Individual/ Entity) with PAN ………………………….
    request HDFC Bank limited to open a Current Account / Collection Account / Cash Credit (CC) Account / Overdraft (OD) Account / Escrow Account.
    This is to certify that I/ we has/have;
    HDFC HDFC
    Sr Other Bank
    Scenarios Bank is Bank has Account opening to be processed or denied
    No. - CC / OD
    lender CC / OD
    a) No Exposure In banking system
    b) Total Banking exposure is below Rs. 5 Crores (Including / Excluding
    1 CC / OD) Account to be opened
    c) Exposure is ONLY with HDFC Bank Ltd. (Including / Excluding CC /
    OD) (Sole Lender)
    A) Exposure with HDFC Bank > = 10% of the aggregate exposure-
    Account to be opened as per below criteria.
    I/We would like to appoint HDFC Bank as designated bank to
    open & maintain Current/CC/OD Account
    Yes Yes Yes
    Total Banking exposure is Rs.
    5 Crore or more and having B) Exposure with HDFC Bank < 10% of the aggregate exposure
    2 I/We would like to open Collection Account only
    CC/OD account in banking
    system
    ONLY Collection account to be opened
    Yes No Yes
    Note: Neither Collection nor Current account to be opened in such
    No No Yes
    scenario
    Total Banking exposure is Rs.
    Yes No No Current Account to be opened
    5 Crores or more but less
    3
    than Rs. 50 Cr & No CC/OD in
    No No No Only Collection account can be opened.
    Banking system
    I/We would like to appoint HDFC Bank as escrow managing bank
    to open current account
    Total Banking exposure is Yes No No I I/We would like to open Collection Account with HDFC Bank as we
    4 Rs.50 Crores or more & No have already appointed other lending bank as Escrow Managing
    CC/OD in Banking System Bank.
    Note: Neither Collection nor Current account to be opened in such
    No No No
    scenario
    *Please fill up bank details where cash credit/ Overdraft (OD) facility is availed where overall exposure is 5 Crores or more
    No. Bank Name and Branch Type of facility Amount (Rs. Lacs)
    1
    2

    Further, I/we undertake to inform the following to the Bank:


    • I/We confirm that the details provided are true and correct as per my knowledge and that HDFC Bank reserve rights to reject the account opening
    application in case of any discrepancies.
    • We further confirm that as and when there is any change in bank exposure, I/We will inform the same to HDFC Bank. Accordingly, HDFC Bank
    may take requisite action in compliance with the RBI guideline for Current Accounts by Banks - Need for Discipline
    • I/We understand that the bank reserves the right to block or close our account in the event of the above information shared subsequently found
    to be factually incorrect/untrue through the bank’s independent validation procedures.
    • I/We hereby voluntarily give my/our consent to extract the information available in Credit Information Companies (CICs), National E-Governance
    Services Ltd (NeSL) etc. to compute my/our aggregate exposure for the purpose of opening of CA/OD/CC as per RBI Guidelines.
    Thanking you,

    Yours faithfully, (Signature of the Individual/Karta/Authorized Signatory/Director/Proprietor/Partner/Trustee)

    # “Exposure” for the purpose of these instructions shall mean sum of sanctioned fund based and non-fund-based credit facilities availed by the borrower.
    # “Banking System” for the purpose of these instructions, shall include Scheduled Commercial Banks and Payments Banks only.

    Version-July 2023

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