Why should I give my bank account details at the time of account opening in India HDFC Bank?

1 ANSWERS

1. Guest9424
   

   It is in your interest. Your bank account number will be mentioned on the interest or dividend warrant, you are entitled to, so that such warrant cannot be encashed by any one else. Further, a DP cannot open the account if bank account number is not given. The account opening forms will be rejected, if the dividend mandate column is not filled. Dividend mandate should be a valid savings bank account ( i.e. the first holder in the demat account should be a holder in the savings / current account and the account can belong to any bank) and MICR code (9 digits) should be mentioned if credit is required through Electronic Clearing Services (ECS). Also specimen / copy of the cheque leaf to be provided to the DP

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