Who is a Politically Exposed Person (PEP) and why must they submit income proof to open an account with Bigul?
- Politically Exposed Persons (PEP) are individuals who are or have been entrusted with prominent public functions in a foreign country, heads of state or of governments, senior politicians, senior government, judicial, military officers, senior executives of state-owned corporations, important political party officials, etc.
- While opening an account, it is mandatory to declare the PEP status to the regulator and the exchanges. Clients must select Yes or No to the question Are you a politically exposed person? Select Related to one, if a close relative is a PEP
Other Queries - Online Accounts
- What is an Electronic Contract Note?
- What is Demat Debit and Pledge Instruction (DDPI)?
- How to activate the DDPI for the account?
- What is the minimum balance required to keep the Bigul account active?
- What happens if the account opening application is put on hold for rectifications?
- Who is a Politically Exposed Person (PEP) and why must they submit income proof to open an account with Bigul?
- Can a commodity account be opened without opening an equity trading and demat account?
- Can a trading and demat account be opened with Bigul if there is an existing account with another broker?
- Can more than one trading account be opened with Bigul?