This topic describes the systematic instruction to Open Investments Account screen.

Investment Accounts are the placeholders for mutual fund investments of a bank customer. They are internal to the bank and unlike current & savings accounts have no real significance outside the bank Opening of the investment account is a mandatory for user to start transacting in mutual funds in OBDX. Currently OBDX supports opening of investment accounts in Single holding mode only.

The investment account involves transaction of financial assets, mutual funds etc.

Following are the steps involved as part of opening of investment account:

• Personal details of the user
• Contact details of the user
• Specifying the nominations for mutual fund investments made through the investment account.
• Specifying the Foreign Account Tax Compliance Act (FATCA) related details
• Additional Details

Note:

The maximum number of investment accounts a user can open is configurable. If user tries to open investment account beyond the maximum allowed limit he will get a message "You already have the maximum number of investment account allowed. Please visit our branch or talk to your relationship manager for further queries." on the Open Investment Account screen.

Pre-requisites

• Transaction access is provided to the Retail User.

To open an investment account:

1. Perform anyone of the following navigation to access the Open Investments Account screen.
   • From the Dashboard, click Toggle menu, and then click Menu, then click Financial Management ,click Wealth Management . Under Wealth Management , and then click Start Investing , click Open Investments Account.
   • From the Dashboard, click on kebab menu of Portfolio Summary widget , and then click Open Another Investments Account.

   The Open Investments Account screen appears.

   Figure 3-1 Open Investments Account

   
   

   
   Description of "Figure 3-1 Open Investments Account"

   
   
2. Perform anyone of the following actions:
   • Click Open Investments Account . The Open Investments Account - Personal Details screen appear.
   • Click Cancel to cancel the transaction.

Personal Details

In this section, the basic personal details that includes full name, date of birth, gender, Tax ID etc. Name, Date of Birth details are fetched from bank host and pre-populated, while remaining information is to be entered by the user.

Figure 3-2 Open Investments Account - Personal Details

Description of "Figure 3-2 Open Investments Account - Personal Details"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-1 Open Investments Account - Personal Details - Field Description

Field Name	Description
Full Name	First, Middle and Last name of the logged in user is displayed.
Date of Birth	Date of birth of the logged in user is displayed.
Gender	Gender of the user is displayed and can be edited. The options are: Male Female Other Prefer Not To Disclose
Tax ID	Tax identification number of the user.
Personal ID Type	Personal identification document that the user wants to provide as proof of identity The options are: National ID Passport Driving License
Personal ID Number	The personal identification number corresponding to the identification type.
Spouse/ Father's Name	Spouse/ Father's name of the user.

3. In the Tax ID field, enter the tax identification number.
4. From the Personal ID Type list, select the identification document that you want to provide as proof of identification.
5. In the Personal ID Number field, enter the identification number as per the identification type selected.
6. In the Spouse/ Father's Name field, enter the full name of your father/ spouse.
7. Click Next.
   The Open Investments Account - Contact screen appears.

   • Click Cancel to cancel the transaction.

Contact Details

This section allows the user to key in his contact details such as current address, email and phone numbers with the bank. Current contact address is fetched from bank host and pre-populated. However, the user can edit it.

Figure 3-3 Open Investments Account - Contact Details

Description of "Figure 3-3 Open Investments Account - Contact Details"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-2 Open Investments Account - Contact Details - Field Description

Field Name	Description
Address Line 1, 2	Details of the permanent address of the user is displayed.
City	City of the user is displayed.
State	State of the user is displayed.
Post Code	Postal code of the permanent address of the user is displayed.
Country	Country of the user is displayed.
Contact Number	Contact number of the user.
Email ID	Email ID of the user.

8. In the Contact Number field, enter your contact number.
9. In the Email ID field, enter your email ID.
10. Perform anyone of the following actions:
    • Click Next. The Open Investments Account - Nomination Details screen appears.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.

Nomination Details

This section allows the user to add the nominees for the investment account. The user can either add a new nominee or fetch the details of the existing Current and Savings account and select any one of them as a nominee. Apart from adding the nominee, the % share of each nominee is specified by the user. The sum of % share of nominees (one or multiple) should add up to 100%.

The maximum up to three nominees can be added in an investment account.

Figure 3-4 Open Investments Account - Nomination Details

Description of "Figure 3-4 Open Investments Account - Nomination Details"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-3 Open Investments Account - Nomination Details - Field Description

Field Name	Description
Nominee Type	The option to select a new nominee or existing nominee to the investment account. The options are: New Existing
Name	The name of the nominee. This is an input field, if the user selects New option, from the Nominee Type field. This is a drop-down, allowing user to select his existing CASA nominees, if the user selects Existing option, from the Nominee Type field.
Relationship	The relationship of the user with the selected nominee. The options are: Father Mother Son Daughter Spouse
Date of Birth	The nominee’s date of birth.
Guardian Name	The full name of the nominee’s guardian, if the age of the nominee is below 18 years.
Guardian Relationship	Guardian’s relationship with the minor nominee.
Tax ID	Tax Identification number of the nominee.
Share (% )	The percentage share of the nominee. The sum of percentage share of nominees (either one or multiple) should always be 100.

11. In the Nominee Type field, select the appropriate nominee type.
    1. If you select New option, enter the name of the nominee, in the Name field.
    2. From the Relationship list, select your relationship with the nominee.
    3. From the Date of Birth list, select the date of birth of the nominee.
    4. If nominee is a minor below 18 years, enter the name of the nominee's guardian, in the Guardian Name field.
       In the Guardian Relationship field, enter the guardian’s relationship with the minor.
    5. If you select Existing option, select the name of the nominee, from the Nominee list.
       The nominee name and date of birth appears.

       From the Relationship list, select your relationship with the nominee.

12. In the Tax ID field, enter the Tax Identification number of the nominee.
13. In the Share (%) field, enter the percentage share of the nominee.
14. Perform anyone of the following actions:
    • Click Next. The Open Investments Account - FATCA screen appears.
    • Click the Add Nominee link and repeat the steps 11 to 13, if you want to add a second nominee.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.

FATCA

This section allows the user to specify the FATCA related details such as Address Type, nationality, country and place of birth, PEP status, gross annual income, occupation and tax details.

Note:

FATCA is mandatory only if the customer has not already done the FATCA check.

Figure 3-5 Open Investments Account - FATCA

Description of "Figure 3-5 Open Investments Account - FATCA"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-4 Open Investments Account - FATCA - Field Description

Field Name	Description
Address Type	The type of address that the user wants to provide. The address types are: Permanent Current Residential Other
Nationality	The country of which the user is national. The options are: Indian Other
Country of Birth	The country in which the user was born.
Place within Country of Birth	The name of the city in which the user was born.
PEP Status	The status with regards to being a politically exposed person or being related to a politically exposed person.
Gross Annual Income	The gross annual income that user can earn from all sources.
Occupation	The type of occupation that best describes the user's current or most recent job.
Father/ Spouse's Name	Father’s/ spouse name of the user.
Country of Tax Residence	The country in which the user is considered a tax resident.
Tax Identification Document	The user can select the Tax Identification Document type from the list. The values in this list are populated based on the Identification documents that are accepted as TINs in the country that you have selected as Country of Tax Residence. The options are: PAN SSN TAN
Tax Identification Number	The taxpayer identification number.

15. In the Address Type field, select the address type of choice.
16. If you select the option Other, enter the type of address being defined in the Other Address field.
17. From the Nationality list, select the country in which you are a national.
18. From the Country of Birth list, select the country as per the Address Type specified.
19. In the Place within Country of Birth field, enter your city name.
20. In the Occupation field, enter the type of occupation that best describes your current or most recent job.
21. In the Father/ Spouse's Name field, enter the name of your father or spouse in full.
22. In the Country of Tax Residence list, select the country in which you are a tax resident.
23. From the Tax Identification Document list, select the TIN type.
24. In the Tax Identification Number field, select the tax identification number as per selected Tax Identification Document type.
25. Perform anyone of the following actions:
    • Click Next. The Additional Information pop up prompting the user to enter the additional information appears.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.
26. Click Yes, if you want to provide information about your Assets, Liabilities, Investments and Relatives.
    • The Open Investments Account - Additional Details - Primary Assets screen appears.

    • Click No, I will do it later, if you want to provide the details later.

    Figure 3-6 Open Investments Account - Additional Information pop-up

    
    

    
    Description of "Figure 3-6 Open Investments Account - Additional Information pop-up "

    
    

Additional Details

This section allows the user to specify the additional information like net asset values owned by the user, Liabilities and their current value, financial investments and their current value and immediate family/ relatives’ details. Entering of this information is not mandatory for investment account opening.

Figure 3-7 Open Investments Account - Additional Details - Primary Assets

Description of "Figure 3-7 Open Investments Account - Additional Details - Primary Assets"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-5 Open Investments Account - Additional Details - Primary Assets - Field Description

Field Name	Description
Primary Asset	Perform any one of the following navigation to access the Primary Asset screen.
Asset	The option to select the asset type for which the user wants to capture the value of asset. The options are: Other Investment Accounts Bank Bonds Building Society Bonds Land Property
Value	Value of the asset.

27. From the Asset list, select the asset type.
28. In the Value field, enter the value of the asset.
29. Perform anyone of the following actions:
    • Click Next.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.
    • Click Add Asset if you want to add more assets.
    • Click Save to save the asset record.
    • Click the Primary Liabilities tab, if you want to add details of your liabilities.
    • The Open Investments Account - Additional Details - Primary Liabilities screen appears.
30. The Review screen appears. Verify the details, and click Confirm.
    • Click icon against the section that you want to edit. The respective screen appears in editable mode.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.

Figure 3-8 Open Investments Account - Additional Details - Primary Liabilities

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-6 Open Investments Account - Additional Details - Primary Liabilities - Field Description

Field Name	Description
Liabilities	The option to select the liability type for which the user wants to capture the value of liability. The options are: Lease Loan Other Rent
Total Amount	Total amount outstanding of the liability/ loan.
Balance Due	Balance amount outstanding of the liability/ loan.
Repayment Frequency	The option to select the frequency of the loan repayment. The options are: Quarterly Half Yearly Bi Monthly Monthly None Or At Maturity Daily Weekly Bi weekly

31. From the Liabilities list, select the liabilities type.
32. In the Total Amount and Balance Due fields, enter the total outstanding amount and balance outstanding amount.
33. From the Repayment Frequency list, select the appropriate frequency of repayment.
34. Click Save to save the liabilities record.
35. Perform anyone of the following actions:
    • Click Next.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.
    • Click the Investments tab, if you want to add details of your investments.
    • The Open Investments Account - Additional Details - Investments screen appears.
36. Perform anyone of the following actions:
    • The Review screen appears. Verify the details, and click Confirm.
    • Click icon against the section that you want to edit. The respective screen appears in editable mode.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.

Figure 3-9 Open Investments Account - Additional Details - Investments

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-7 Open Investments Account - Additional Details - Investments - Field Description

Field Name	Description
Investment Type	The option for the user to select the investment type for which he wants to capture the value of investments. The options are: Term Deposit Mutual Funds Equity Funds Bonds
Investment Date	Date on which investment was made.
Current Market Value	Current market value of the investment.

37. From the Investment Type list, select the investment type.
38. From the Investment Date list, select the date of investment.
39. In the Current Market Value field, enter the current market value of the investment.
40. Perform anyone of the following actions:
    • Click Next.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.
    • Click Add Investment to add more investments. The Open Investments Account - Additional Details - Relatives screen appears.
41. Perform anyone of the following actions:
    • The Review screen appears. Verify the details, and click Confirm.
    • Click icon against the section that you want to edit. The respective screen appears in editable mode.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.

Figure 3-10 Open Investments Account - Additional Details - Relatives

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 3-8 Open Investments Account - Additional Details - Relatives - Field Description

Field Name	Description
Relation Type	The relationship of the user with the selected relative. The options are: Father Mother Son Daughter Spouse
Name	The name of the relative.
Age	The age of the relative.
Dependent	The option to indicate whether the relative is a dependent or not. The options are: Yes No

42. From the Relation Type list, select the relationship type.
43. In the Name and Age fields, enter the name and age of the relative.
44. In the Dependent field, select the appropriate option.
45. Click Save to save the details.
46. Perform anyone of the following actions:
    • Click Next.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.
    • Click Add Relative Information to add more relative information.
47. Perform anyone of the following actions:
    • The Review screen appears. Verify the details, and click Confirm.
    • Click icon against the section that you want to edit. The respective screen appears in editable mode.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to previous screen.

    The success message of account opening appears.

48. Click the Open Another Account link if you want to open another new investment account.
    • Click Purchase Mutual Fund link to purchase a fund.
    • Click Wealth Dashboard to go to the Wealth Management Dashboard screen.