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Thursday, September 18, 2008

Opening of NRI accounts

OPENING OF ACCOUNTS
HOW TO OPEN NRI ACCOUNTS WITH A BRANCH IN INDIA
To open an NRE account please complete the account opening form and mail it to the branch of your choice alongwith ;
Passport copy
Visa/residence permit
2 photographs
initial money remittance
Your signature may be verified by anyone of the following;
Indian Embassy/consulate
Any person known to the Bank
Notary public
Any of our offices abroad
You can open
NRE Saving Bank a/c / Current Accounts
Fixed Deposits in Indian Rupees
Fixed Deposits in Foreign Currency
NRO accounts (Rupee accounts for crediting income in India )
You can authorise a resident to operate your account through a Power of Attorney or Letter of Authority
Nomination Facility available (Nominee can be a resident Indian also)

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