Mandate Letter(For NRO Account Holders)

Date :

Please affix a

passport sized

photograph of

the Mandate

HolderThe Branch Manager,

IDBI Bank Limited

branch

Above Signature of Mandate Holder Verified

Signature of Mandate Holder

Signature (I) Signature (II) Signature (III)

Signature (I) Signature (II) Signature (III)

Name & Address of Mandate Holder

Dear Sir,

Mandate to Operate NRO Savings Bank/Current Account No.

of

(Names of Account Holders)

Yours truly,

With reference to the above-mentioned account number, I/We hereby appoint and constitute Mr./Ms.

son/daughter/wife of

residing at

Mandate Holder who is authorised on my / our behalf to make any or all of the following acts, deeds and things from my / our above mentioned account:

as my/our

To operate my NRO account number maintained at

branch, IDBI Bank.

1)

2) To make all local payments in Rupees including payments for eligible investments subject to compliance with relevant regulations made by the Reserve Bank of India.To do remittance outside India of my current income in India, net of applicable taxes.To write and sign cheques and other instruments to be paid by the Bank drawn on the said account; to give orders for the withdrawal, transfer or other use of money on deposit at the Bank or otherwise available to me from the said account for the aforesaid purposes.

The Mandate Holder shall however, while acting under this Mandate ensure that he/she acts in accordance with the instructions and directions that may be issued from time to time by the Reserve Bank of India or the Government of India or any other body or authority.

I / We hereby ratify and bind myself/ourselves and conrm to all and any acts / instructions the said person has given on my/our behalf on the basis of this mandate. I/We agree to bear any losses or claims that may arise directly or indirectly on account of the Bank acting on this instruction/mandate and the instruction given thereof by the said person. I also indemnify and keep the Bank indemnied from and against all suits, claims, actions, damages or losses that may be suffered or incurred by the Bank in respect of any act, deed, matter or thing done by the Mandate Holder in respect of the Mandate.

The specimen Signature of the Mandate Holder, who has been authorized to operate upon the account, is given below and the Signature has been duly veried by me/us.

This authority shall continue in force until I/We shall have expressly revoked it by a notice in writing delivered to you.

3)4)

Subject to following:

My Mandate Holder is not permitted to:

1.Repatriate funds held in the said account to outside India other than to me

2.Make payment by way of gift to any resident Indian on my/our behalf.

3.Transfer of the funds from the said account to another NRO account.

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