the purpose of Registration on Currency Derivative Segment of the Exchange. Scroll past the rate table to see the Exchange Rate Discussion Board. Bank of India is authorised in UK by Prudential Regulation Authority (PRA) and regulated by PRA Financial Conduct Authority (FCA). The account can be opened by transferring funds from abroad or from your existing NRE/fcnr accounts. For example if client buys a near month contract at Rs 67 (i.e notional value of contract : he needs to pay upfront a margin of 10 approx) which amounts to Rs 6700 (10*67,000). Announcement No postal applications will be accepted for new Retail Deposits with effect from, till further notice. Site best viewed in resolution of 1024x768. Interest and the principal are both freely and fully repatriable. Transaction Charges as applicable by Exchange Houses. Authorization letter to, bank for sending Contract Notes/Statements electronically, all these documents are attached herewith.
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If the account is held jointly with resident Indians, the joint account holder should be a close relative as per RBI guidelines and operation mandate in the account shall only be former OR survivor. Telephone # Email address:- Attention investor: Prevent unauthorised transcation in your account - Update your mobile number/email ids with your Depository Participants/Stock Broker. Board Resolution Non Mandatory Board resolution is required to be given by the company resolving the approval of the Board to undertake trading in Currency Futures and list all the persons who will act as Dealers and/or authorised signatories. But even so, most NRIs wonder if they are using the right service provider for sending money to India. The major advantage of this account is that the depositor need not worry about the. How long will it take before the money reaches the destination? Investors' Rights and Obligations (2 copies) Risk Disclosure document for Currency Derivatives Segment (2 copies) Mandatory The document states the risk in trading and Investors' rights and obligations as per the model format specified by sebi. The rates and fee shown to send money to India are for online transfer of under 1000 from USA. Cash handling Charges (For cash tendered in excess of 1000.00 per day) will be charged extra @.50 per 100. Running Account Authorisation Non Mandatory The Client authorises Union Bank through this annually renewable letter to maintain a running account to retain the funds, deposited as margin money or received as pay-outs from the Exchanges Brokerage/Other Charges No Account Opening charges Brokerage Charges- within the.