Vide the Gazette Notification dated January 7, 2013, a new section 26 (A) was inserted in Banking Regulation Act 1949, wherein Reserve Bank of India (RBI) shall establish a Fund called “Depositor awareness protection Fund” for the credit of any account or unclaimed amount in a banking company which has not been operated for a period of more than 10 years. Pursuant to the amendment, RBI (vide Circular > DBOD. No. DEAF Cell.BC.101/30.01.002/2013- 14 dated 21.03.2014) had established the Depositor Education and Awareness Fund (DEAF). As directed by RBI, the Bank will remit to the Depositor Education and Awareness Fund (DEAF), the credit balance in the deposit accounts which have not been operated or any amount remaining unclaimed for a period of 10 years or more along with interest accrued, on a monthly and the interest accrued thereon up to the date of transfer on the last working day of the subsequent month.

1. Client request letter signed by authorised signatories as per mandate to activate unclaimed account.
2. Duly filled up Account Opening Form as required in existing process for account opening, including signatory details and Board Resolution mandate.
3. KYC documents of the Authorised Signatories to be submitted.
4. List of acceptable KYC documents for Identity and/or Address proof(s)
5. Driving License (Both as Identity and Address proof)
6. Passport (Both as Identity and Address proof)
7. NREGA Job Card duly signed by a State Govt. Officer and letter issued by the National Population Register containing details of name and address. (Both as Identity and Address proof)
8. Voter’s ID Card issued by the Election Commission of India (Both as Identity and Address proof)
9. Unique Identification document (password protected masked UID e-Aadhaar) (Both as Identity and Address proof)
10. Any address proof issued by a Government Department/ Agency (only as overseas address proof for NR Customer)

Important Points to Note:

• Please submit copies of any one of the above documents
• Documents should be valid on current date.
• Each copy should be self-attested.
• Attach a document for each holder to the account, clearly indicating the name and account number.
• Any document bearing exclusive conditional disclaimer “Not to be used other than the purpose of issuance or not to used as proof of Identity and/ or proof of address” will not be used as a KYC Document
• In case of any clarification please contact us on the contact details as mentioned on our website www.standardchartered.co.in

[On Client’s Letterhead]

To

Standard Chartered Bank

[include relevant branch name]

Subject: Reactivation of Inoperative Account(s)

We, [insert name of client] request the bank to re-activate our inoperative account numbers below-

1) [insert inoperative account number]

2)

3)

Further, we also authorise the bank to remove the transaction restrictions in the above-mentioned accounts by initiating a financial transaction of Rupee 1/-.

We hereby also agree to submit Account Opening Pack and the necessary KYC documents, as required by the bank for reactivation of the above-mentioned accounts.

For and on behalf of [insert name of client]

Authorised Signatory

Name:

Designation:

Date: