Basic Account definition

Basic Account means the basic account of the Pension Fund established pursuant to s. 75 of the Statutory Pension Plan Rules and continued in accordance with s. 75 of the Pension Plan Rules.

Basic Account means that portion of a Participant's Account to which Employer contributions are credited pursuant to section 4.1.

Basic Account means Customer MAKash Wallet classified as Semi- closed system payment instruments issued by obtaining minimum details from the customer, such as, mobile number verified with OTP, self-declaration of name, e mail id and unique identification number of any of the ‘officially valid document’ as mandated under PML Rules/RBI directions/any other statutory body, from time to time. The type/nature of transactions under such wallets issued by obtaining minimum details from customers will be restricted to those permitted by RBI, from time to time, for such category of semi-closed prepaid instruments .

Examples of Basic Account in a sentence

The Basic Account is the account from which the defined basic benefits of the Plan are paid.
In accordance with the Agreement and PBSA, an actuarial valuation of the Plan’s assets and pension obligations is performed at least every three years by an independent actuary to determine an appropriate combined employer and member contribution rate to fund the Basic Account.
The Advantage Basic Account is an integrated group of financial services consisting of your Brokerage Account, a cash sweep program, and check writing features.
Its primary objective is to assess the financial position and adequacy of funding for the Basic Account of the Plan as described in note 5a.
The Advantage Account includes all features of the Advantage Basic Account, plus a Visa® debit card ("Debit Card").

Basic Account means the Account established to record the portion of the Profit-Sharing Contributions allocable to a Participant's Compensation.

Basic Account means the account maintained for a Participant to which is credited the Basic Contributions, if any, made on account of the Participant, as adjusted in accordance with Article 6.

Basic Account means a basic account offered by a Member Bank to eligible customers (including holders of Pensioner Concession Cards, Health Care Cards or Commonwealth Seniors Health Cards) that have the minimum features listed at paragraph 2(b) and special features at paragraph 2(c) above.

Basic Account. Account of a Recruiter who has not purchased a Premium Subscription.

Basic Account means the basic account of the Pension Fund established in accordance with subparagraph 12.1(a)(i)(A).

Basic Account means an account which permits the User to place sell orders for cash by mail or cash pickup at the CB Address and buy orders for cash by mail or either cash or debit at the CB Address.

Basic Account means a basic Account accessible to every registered Recruiter but who has not paid any Premium Subscription.