In case you like to know about the types of bank accounts in India, you must check the historical background and the steady development in the banking sector. In the18th century, Indian banking system came into existence. However at that time, the money exchange policy was different in comparison to the present baking system in [...]
The question how to open an NRI Bank account in India is a frequently asked by many of the Non Residents. It is a question that actually bewilders them a lot. Especially if you have a new person who is about to leave India soon or someone who has been newly offered a job somewhere [...]
NRI Bank Accounts: In accordance with the NRI banking laws in place for NRI, banks and other fiscal institutions that are permitted by the RBI to deal with NRI (and FOREX), NRI can open either of the three accounts – FCNR (Foreign Currency Non-Resident account); NRE (Non-Resident External rupee account); and/or NRO (Non-Resident Ordinary rupee [...]
