Disclosures. 1  Accounts that show no balance will be closed. To reactivate an account that has been closed for having no balance, a new account deposit of USD 10,000 or non-USD equivalent is required. 2  Indian resident is an individual who resides in India for more than 182 days per year.
gift. 1. something given voluntarily without payment in return, as to honor a person or an occasion or to provide assistance; present. 2. the act of giving. 3. something bestowed or acquired without being sought or earned by the receiver. 4. a special ability or capacity; natural endowment; talent: a gift for music.
bequest. n. the gift of personal property under the terms of a will. Bequests are not always outright, but may be conditional upon the happening or non-happening of an event (such as marriage), or executory in which the gift is contingent upon a future event.here is, however, a distinction between them. A bequest is applied, more properly, to a gift by will of a legacy, that is, of personal property; devise is properly a gift by testament of real property. Vide Devise.