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Appendix 1 IDF SECURITIES LIMITED ACCOUNT OPENING KIT INDEX S. No. 1 2 3 4 5 6 Name of the Document Brief Significance of the Document MANDATORY DOCUMENTS AS PRESCRIBED BY SEMI & EXCHANGES A.
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IDFC stands for Individual Declaration of Foreign Currency. It is a form that individuals need to fill out to declare foreign currency assets held outside of India.
Any individual who is a resident of India and holds foreign currency assets outside of India is required to file the IDFC form.
The IDFC form can be filled out online on the website of the Reserve Bank of India. The individual needs to provide details of their foreign currency assets held outside of India.
The purpose of the IDFC form is to track the foreign currency assets held by residents of India outside of the country.
The individual needs to report details of their foreign currency assets including the amount held, the country where the assets are held, and any income earned on those assets.
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