Designated bank refers to any bank in India, which has been authorised by the RBI to act as banker to FII.

Domestic custodian includes any person carrying on the activities of providing custodial services in respect of securities.

Sub-account includes those institutions, established or incorporated in India, whether incorporated or not, on whose behalf investments are proposed to be made in India by FIIs.

A domestic portfolio manager or domestic asset management company shall also be eligible to be registered as FII to manage the funds of sub-accounts.