Verification Report

Date: 29/06/2024

To:

Indranil Banerjee/ Secretary

Bandhan Bank Ltd.

Subject: Verification Report for Overseas Donation Funds to Sarada Education Society Badamtala

Account Details:

Account Name: Sarada Education Society Badamtala

Account Opening Date: 18-JUN-2024

Product Type: Current A/C - TASC

Account No: 20100028381399

Branch ID: 2127

Branch Info: Howrah Maidan

IFS Code: BDBL0002127

Donation Details:

Amount: INR 177,669,218.00

Source: Overseas Donation

Verification Points:

Reason for New Account Creation:

Query: Why does such a large trust need to create a new account to receive donations? Is it just a donation or
something else?

Response: [Provide detailed response or attach supporting documents]

Change of Bank Relationship:

Query: Why was the relationship moved from ICICI Bank Limited to Bandhan Bank Limited for receiving such a
large donation, especially when ICICI Bank Limited is also capable of handling such transactions?

Response: [Provide detailed response or attach supporting documents]

Inconsistencies in Account Opening Information:

Query: Sufficient amounts of incorrect information and documents were provided during the account opening
process. Specifically, the registration certificate provided was only one day old, despite the donation reaching
India about 30 days ago.

Response: [Provide detailed response or attach supporting documents]

Request for Re-Verification:

We request a thorough verification of the aforementioned points to ensure compliance with regulatory standards and
maintain the integrity of our banking operations. The specific details required are as follows:

Confirmation of Receipt: Verification that the donation amount of INR 177,669,218.00 has been credited to the account.
Date of Transaction: The exact date when the funds were credited to the account.
Source Details: Information regarding the source of the funds, including sender details.
Transaction Reference: Any transaction reference or identification number associated with the credit.
Compliance Check: Confirmation that the transaction adheres to all relevant regulatory and anti-money laundering
guidelines.
Name: Sunil Samdani

Position: Chief Financial Officer

Email: sunilsamdani@bandhanbank.in

Phone: +91 (0) 94XXXX0020

I appreciate your prompt assistance in addressing these concerns.

Thank you.

Received By