Bank details mandatory in the subscriber registration form (S1 form) As you are aware, the Annexure S1 form being filled by subscribers .(for registration) have provision for providing bank details. At present, these bank details are not mandatory. PFRDA vide it letter dated October 18, 2012 has communicated to CRA that the Bank details will be mandatory for all subscribers
Circuiar No: CNA/ PO&RI/PAO/2012/006
November 23, 2012
Subject: Bank details mandatory in the subscriber registration form (S1 form)
a) A cancelled cheque pertaining to the account is submitted by the subscriber.
b) The bank details are completely filled by the subscriber. in case detail provided are fund to be incomplete/ incorrect, the form will be rejected.
c) The subscriber has provided Indian Financial System (IFS) Code, if IFS code is not available, MICR code can be provided. If both (IFSC as well as MICR) are not available, the subscriber has to give a declaration to that effect (provided in the form).
d.) Further in case, the Bank details are not available at the time of filling, the form, subscriber has to give the declaration for providing the Bank details within six months or on opening of Bank account whichever is earlier.
For behalf of
National Securities Depository Limited
Assistant Vice President
Stay connected with us via Facebook, Google+ or Email Subscription.
Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] | Google+ [click here]