<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">Following are examples of services that are generally not provided by a banking company or financial institution to an account holder (holder of a deposit account bearing interest to the depositor including NRE and NRO account holders) in the ordinary course of business:</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(i) financial leasing services including equipment leasing and hire-purchase;</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(ii) merchant banking services;</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(iii) securities and foreign exchange (forex) broking, and purchase or sale of foreign currency, including money changing;</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(iv) asset management including portfolio management, all forms of fund management, pension fund management, custodial, depository and trust services;</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(v) advisory and other auxiliary financial services including investment and portfolio research and advice, advice on mergers and acquisitions and advice on corporate restructuring and strategy;</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(vi) banker to an issue service.</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">In case of any service which does not qualify as service provided to an account holder, the place of supply for such services shall be the location of the recipient of services.</span></span></p>