au digital saving account initial deposit question

[rk2022]

Hi,

I opened au digital account zero balance for my mother who doesn't have any other online banking. They mentioned that initial bank account funding should come from same person per RBI guidelines.

I did funding from my account. Will this be a problem?

Please advice.

 

[xfactcc]

I am not an expert here but I don't think it should be an issue. As long as the account is funded with legitimate funds, it works for them. Since you funded her account, it's not taxable either.

They require IP for their 0 balance account?

 

[rk2022]

I am not an expert here but I don't think it should be an issue. As long as the account is funded with legitimate funds, it works for them. Since you funded her account, it's not taxable either.

They require IP for their 0 balance account?

Thank you. I just funded so she can use digital payments. It's zero balance. Since it's the first funding, it is considered initial I think.

 

[Tejo]

Hi,

I opened au digital account zero balance for my mother who doesn't have any other online banking. They mentioned that initial bank account funding should come from same person per RBI guidelines.

I did funding from my account. Will this be a problem?

Please advice.

Au too worst.

Mostly they will refund or cancel ac initiation.

Or will open ac and refund IF

Or will ignore and open ac.

All this depends upon on the agent who is Going to cross check the kyc details.

Vkyc completed?

Did you atleast nominate yourself as nominee?

Why you did funding when it's not mandatory?

 

[Vaasu Annan]

I am not an expert here but I don't think it should be an issue. As long as the account is funded with legitimate funds, it works for them. Since you funded her account, it's not taxable either.

They require IP for their 0 balance account?

The KYC agent also asked me to deposit ₹ 2000 as initial funding. He told me it's mandatory but I can withdraw it anytime.