6 pointer kyc vis a vis Disposal Instructions

[Pratyush Khetan]

Hi all

We have received FDI in India under an automatic route. 6 pointer kyc was missed while sending these funds; therefore the bank in India has sent a swift 6 pointer kyc request to the remitter's bank again and it is under process.

But at the same time, we keep receiving these disposal instructions from the Indian Bank

Ideally, the bank should have aligned this internally; when funds are awaiting 6 pointer kyc, the bank is not supposed to ask us for disposal instructions.

Thanks!

PKA

Chartered Accountants

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