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.
What is an endowment? An endowment is a charitable gift that is invested and managed in a way that allows it to provide an income stream to the beneficiary while maintaining the gift's purchasing power in perpetuity.