Who is an OCI (Overseas Citizens of India) ?
In terms of Gazette Notification of Ministry of Home Affairs, Government of India, on and from 9th January, 2015 all the existing Persons of Indian
Who Can Open an NRO Bank Account ?
NRO Bank Account – Any person resident outside India (other than a person resident in Nepal and Bhutan). (individuals / entities of Bangladesh / Pakistan
Who is Person of Indian Origin (PIO) ?
Person of Indian Origin [PIO] means a person resident outside India who is a citizen of any country other than Bangladesh or Pakistan or such
Who Can Open a NRE account with Bank ?
The following individuals can open a NRE account without prior approval of RBI. • Non Resident Indian (i.e. An Indian Citizen, who have gone abroad
What are the Permitted Debits in NRE account?
The followings are the permitted debits in NRE account of an Individual with any of the banks in India. i. Local payments. i. Remittances abroad.
What is Diamond Dollar Account Scheme?
Diamond Dollar Account – Firms and companies which comply with the eligibility criteria stipulated in the Foreign Trade Policy of the Government of India may
What is Special Drawing Right (SDR) ?
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
How Foreign Students Can Open Bank Accounts in India ?
Know the various steps for Foreign Students to Open Bank Accounts in India – Any Banks in India can open the bank account of the
Comments