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Our goal is
to provide affordable accounts
that Indian banks have to
offer, to our clients and help
them to chose and open the
best offline or internet bank
account possible without
having problems and long
waits.
For
NRIs, PIOs, OCIs and Foreign
Nationals:
(NRO) Non-Resident
Ordinary Rupee Account:
A NRI or Person of India
origin is allowed to open a
NRO account with any Indian
bank without prior approval
from the RBI. You can also
open this account jointly and
can be held as a savings,
current or fixed deposit (FD)
account. Once you return back
to India permanently, this
account can be converted into
a normal resident account.
read more

(NRE) Non Resident
External Rupee Account:
This account again can be
opened without any approval
from the 'Reserve Bank of
India', only if the funds for
this particular account are
transferred in the form of
freely convertible foreign
currencies. This account can
be jointly held & may be
opened as a saving, current, recurring
or fixed deposit account.
Interest earned on
this account are exempt from
taxation.
read more

(FCNR) Foreign Currency
Non Resident Account:
This is one of the most
affordable bank accounts in
India that comes with very low
balance maintenance fees,
however the funds can be kept only
as term deposits. You may keep
your money in the form of US
dollars, Sterling Pounds, Deutsche Mark, Japanese Yen
and Dinars. The deposit is
accepted for a period not
below six months. You can wire
transfer any of the above
foreign currencies in this
account and the interest is exempt from taxes.
read more

For
Foreign Business Companies &
Other Organizations:
Current Account:
This account is a very popular
account used by various
international companies. If
you are a foreign business or
company not registered in
India and want to open a
business bank account then
this is just the right
corporate banking solution
for. The bank allows you (as a
foreign company) to carry any
number of daily banking
transactions, provided your
business account has funds
available in it.
Cash Credit Account:
In this account the bank lends
out money against the security
of commodities. This can be
termed as over-draft but the
money is only lent if you
collateralize your commodity
securities. The company
holding the account can only
withdraw a certain amount of
money know as the 'limit' or
'credit facility', that is
fixed by the bank on the basis
of the percentage of the value
of the commodities. |