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FORM-1 APPLICATION FOR OPENING AN ACCOUNT …

• Premature closure is permissible under below scenario without penalty: a. Death of Beneficiary Account holder. b. The Account holder becoming a Non-citizen or Non resident of India. c. On ground of medical support in life threatening diseases of the Account holder or death of the guardian after completion of 5 year from account opening.

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  Applications, Account, Under, Opening, Account opening, Application for opening an account

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