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ONE TIME MANDATE FORM6th Floor, Host House, Norman Point, Mumbai 400 021. www.QuantumMF.comUMRND D M M Y Y Y Stick (Office use only)Sponsor Bank Co-create: Modify:QUANTUM MUTUAL FUND to debit (Tick
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The OTM form refers to the 'Overseas Transfer Manifest' form, which is used for reporting certain financial transactions of individuals or businesses engaging in overseas financial activities.
Individuals or businesses that engage in international financial transactions or transfers above a specified threshold are required to file the OTM form.
To fill out the OTM form, provide accurate details of the overseas transactions, including amounts, recipient information, and the purpose of the transfer, and ensure that all sections of the form are completed correctly.
The purpose of the OTM form is to ensure transparency and compliance with regulations regarding international financial transactions and to monitor potential tax evasion or money laundering activities.
The information that must be reported includes the sender's and recipient's names and addresses, the amount transferred, the date of the transaction, and the purpose of the transfer.
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