The public at large are informed that the Bank is NOT directly or indirectly associated with or engaged with Pradhan Mantri Mundra Yojana (PMMY ) or in any manner or form engaged with any disbursal of loans under PMMY or collection of any funds in connection with PMMY and have not authorised or engaged any person in this regard in any manner or form. Any person representing or suggesting an association or engagement by the Bank (directly or indirectly) in connection with or in association with Pradhan Mantri Mundra Yojana Loan scheme or any other scheme / Banking service is misrepresenting or misleading the public at large and such misrepresentations shall not be believed or relied upon by the public at large.

Closure of zero balance accounts attached by regulatory or government agencies

As part of the process of Bank’s closing its banking business in India, the Bank will be closing all zero balance accounts which the bank was notified as being attached by certain regulatory or government agencies. Such closure notice has been sent to the last intimated address of the relevant regulatory/ government agency as per bank’s records.

Important Communication - GST

Government of India proposes to implement Goods & Services Tax (GST) from 1 July 2017. Consequently, the existing service tax rate of 15% shall be replaced by GST @18%.In case you have registered for GST, please provide details of your GST Identification Number (GSTIN) and registration details (along with self-certified copies) that should be linked to the account/s held with NatWest Markets.

Closure of Zero balance accounts

As part of its simplification strategy, effective 8th October 2017 the Bank will close all the accounts which have a zero balance or will become zero balance either on account of transfer of funds by customers to another account or on account of debit of applicable charges levied by the Bank from time to time.

Revision in Service Charges and Fees

The Schedule of Benefits/ Charges applicable to your account will be revised with effect from 1 October 2017. The account service charges will be revised from Rs 100 per month to Rs 500 per month. For further clarifications, please call our Bank by Phone or visit the NatWest Markets branch at Mumbai.