APPLICATION FOR PORTFOLIO INVESTMENT SCHEME

I hereby request you to open an exclusive account for routing all transactions made under Portfolio Investment Scheme (PIS)

Note:

1. PIS will be designated only to the main applicant and monitoring will be done only for the main applicant.

2. If the main applicant wishes to trade on non-repatriable basis then NRO PIS is mandatory and the same cannot be done through the

NRO Savings Bank account.

1st Applicant Name :

2nd Applicant Name:

3rd Applicant Name :

3rd Appl.

Existing NRE SB Account No.

(To be linked for primary market Transactions)

Existing NRO SB Account No.

(To be linked for primary market Transactions)

Declarations:

1. I/ We solemnly declare that all the details and information given by me/ us is true and correct.

2. I/ We shall ensure that my/ our total holding of equity/ preference shares/ convertible debentures (including the equity/ preference shares/ convertible

debentures already held, if any, in a company) (“Securities”) in any single company that may be allowed to be purchased through stock exchange/s with/

without repatriation benefits shall, at no time, exceed specified percent of the paid up-capital/ paid-up preference capital/ paid-up value of each series of

4. I/ We agree not to engage in short-selling and speculative market. I/ We shall take delivery of Securities purchased and make delivery of Securities sold;

5. I/ We am/ are fully aware that Securities purchased by me/ us under the PIS, can not be sold, gifted, transferred, pledged other than the PIS route, without

the prior Reserve Bank of India (RBI) Approval;

6. I/ We undertake to inform RBL Bank of all the transactions executed by me/ us under PIS on the same day on which transaction has been executed in the

prescribed format by RBL Bank (Contract Note) along with covering letter.

7. I/ We agree that in case of any mismatch in the disclosure of the number of Securities that are purchased or sold, RBL Bank may at it's sole discretion debit

my PIS account to the extent of the balance Securities standing to my/ our credit. I/ We further declare that, RBL Bank shall not be liable for any losses that

I/ we may suffer on account of RBL Bank rejecting any transaction on account of such mismatch. We further agree that an event of mismatch gives RBL

Bank a right to suspend or cancel my/ our account without any notice. A mismatch is said to have occurred when a transaction indicates quantity of

Securities in excess of the quantity held in my/ our PIS account.

Securities made on non-repatriation basis. This undertaking will also be binding on our respective heirs, executors, successors and assigns and they will

not be entitled to seek repatriation of any capital so invested by me or any income earned thereon;

12. I/ We shall strictly comply with all applicable laws, FEMA and RBI Guidelines including all other relevant obligation upon me/ our with regard to my

investment under PIS route and operation of the designated account in connection therewith.

13. I/ We shall immediately intimate the Bank about my/ our return to India for permanent residence.

14. I/ We hereby state that this account is solely for the purpose of my/ our investments in the secondary markets and that no other transactions of any other

nature will be routed through these accounts. I/ We have to maintain a separate Savings PIS a/c's (NRE/ NRO) for purpose of investments in secondary

markets on repatriation and non repatriation basis respectively apart from maintaining the Savings NRE/ NRO accounts.

15. I/ We shall inform the Bank the nature of all Securities (Rights/ Bonus/ IPO's etc.) purchased and sold. The Bank have right to report to the RBI only those

shares acquired under PIS through secondary markets, from NRE PIS account.

line failure, system failure, internet failure, securities failure on the internet, unauthorized access or any other problem technological or otherwise, that

might prevent me from entering or the Bank from executing an order of sale or purchase under PIS scheme, or for any other conditions which are beyond

Bank's control.

Ver: September 20

18. In case of any shortfall of funds in NRE/NRO PIS account, I/we hereby expressly authorise RBL Bank to debit my/our linked NRE/NRO Savings

account and execute the trade.

1st Applicant Signature 2nd Applicant Signature 3rd Applicant Signature

Place:

I/ We declare that I/ we have no existing PIS designated Account with any other Authorised Dealer Banker. I/ We have cancelled all the earlier PIS

1. Payments for Securities/ receipts from the broker on account of sale of Securities will be made against the amounts specified on the bills and no

adjustment of purchases against sale transactions will be done even if various sale and purchase transactions are done during the same period. It is

understood that no NET Credit / Debit for the day transactions shall be permitted. All individual transactions in the accounts shall be reflected at their full

value.

2. For the purposes of this application various legal terms or their abbreviations viz. "NRI", "PIO", "repatriable", "Non-repatriable", "Authorized Dealer", "Portfolio

Investment Scheme", "NRE", "NRO", "FCNR" etc. have been used. These terms & abbreviations have their corresponding meaning or definitions in Foreign

Exchange Management Act, 1999 and various notification passed under it (collectively, "FEMA") and other relevant laws and regulations of India amended

from time to time. Before submitting this application, applicant should fully inform and make himself/herself aware of all these laws and regulations issued

by Government of India / Reserve Bank of India (RBI) and other Indian regulatory Authorities viz. Securities Exchange Board of India (SEBI) etc. that are

applicable to their transactions in Indian securities under PIS.

5. RBL Bank will not undertake monitoring and follow-up of corporate actions like IPO, rights, Bonus and Buyback associated with any holdings of the

account holder.

6. This facility shall be subject to the guidelines, rules and regulations of Reserve Bank of India and other applicable laws. RBL Bank shall have full authority to

cancel or suspend the account or terminate the present arrangement in the event of my non-observance of applicable laws, rules & regulation or breach of

any of the terms and conditions of this facility.

7. I agree to the exclusive jurisdiction of Laws of India and courts at Mumbai for resolving any dispute that arises out of the present arrangement.

8. I authorize RBL Bank to deduct tax on my behalf as per the provisions the Foreign Exchange Management (Transfer or Issue of Security by a Person

Resident outside India) Regulations, 2000 and Central Board of Direct Taxes (CBDT) as well as any other guideline applicable for such deduction.

9. I declare that the I am holding the shares as a capital asset and not as stock in trade.

10. I fully understand that RBL Bank shall only undertake a tentative payment of taxes and the final liability for such payment rests with me.

Ver: September 20

Name and Address of

the Previous

Authorized Dealer

PIS Designation Cancellation Date with Previous Authorized Dealers

Original No Objection Certificate (NOC) and Statement of Holding from previous authorized dealer needs to be attached

the PIS Application form. Statement of Holding needs to be provided in the attached herewith format. Refer Annexure B

Ver: September 20

To,

The Manager,

RBL Bank Limited

Subject: Confirmation of Statement of Holding of Mr./ Ms. ____________________________________ (Customer)

This is to certify that Statement of Holding from previous authorised dealer, as attached herewith is true

and correct. We confirm that source of funds with respect to repatriability, cost of acquisition and date of

acquisition of all the transaction mentioned in the Statement of Holding have been checked by me/ us.

Ver: September 20

Ver: September 20

Ver: September 20