Examples of Registered Bank in a sentence
Registering of Multiple Bank Accounts will enable the Fund to systematically validate the pay-in of funds and avoid acceptance of third party payments.b. Investors can register with the Fund upto 5 pay-in bank accounts in case of individuals and HUFs and upto 10 in other cases.c. In case of Multiple Registered Bank Account, Investor may choose one of the registered bank accounts for the credit of redemption/ dividend proceeds (being "Pay-out bank account").d.
Registered Bank means a Person registered as a bank under the Reserve Bank Act.
I/We agree that payment for supplies/services rendered under the terms of this contract will be made to the credit of my/our account in a Registered Bank of India.
If you do not have a Registered Bank Account, payments will be paid out by cheque.
The AMC shall, as a due diligence measure, verify the source of funds for all new and additional purchases and if it is determined that the funds have not been routed through the Registered Bank Account, the application is liable to be rejected.