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if they have a branch in Indian
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What is the swift code for State bank of india?
Swift code for Bank Transfer of Money from NatWest account to an account in State Bank of India
Is The Royal Bank of Scotland Scheduled Foreign Bank in India?
Yes. Royal Bank of Scotland is a Scheduled Foreign Bank in India that is approved by the RBI to provide banking services in India. It is a comparatively new bank with only a few branches in India because it is still growing
What are the Advantages and disadvantages of a foreign bank in India to an Indian investor?
advantages & disadvantages of foreign banks in India
How can money be transferred from a Nigeria bank account to a foreign account?
yes
How do you get access to a foreign bank account when person is deceased?
File for probate in the country where the bank account is held.
What is ment by vostro account?
Vostro Account: Account held by a foreign bank in a domestic bank is called vostroaccount. For example UBS of Switzerland opening an account in SBI in India, this isvostro account for SBI India.
What are the differences between Nostro and Vostro Account?
Vostro Account: Account held by a foreign bank in a domestic bank is called vostro account. For example UBS of Switzerland opening an account in SBI in India, this is vostro account for SBI India. Nostro Account: Account held by a particular domestic bank in a foreign bank is called Nostro account. Here in the above example given in Vostro account the same account is a Nostro account for UBS Switzerland, or if SBI India opens an account in UBS Switzerland then that account is a Nostro account for SBI India. Nostro accounts are usually in the currency of the foreign country. This allows for easy cash management because currency doesn't need to be converted. Vostro Account: Account held by a foreign bank in a domestic bank is called vostro account. For example UBS of Switzerland opening an account in SBI in India, this is vostro account for SBI India. Nostro Account: Account held by a particular domestic bank in a foreign bank is calledNostro account. Here in the above example given in Vostro account the same account isa nostro account for UBS Switzerland, or if SBI India opens an account in UBSSwitzerland then that account is a Nostro account for SBI India. Nostro accounts areusually in the currency of the foreign country. This allows for easy cash managementbecause currency doesn't need to be converted.
What is the type of account when a company holds dollar account in an Indian bank?
This type of account is called "foreign currency account".
Can you open the RBI current account for company?
RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.
How many foreign banks in india?
A foreign bank is one that is owned by a foreign individual or company. There are many foreign banks in India. The large and famous ones are: 1. Standard Chartered Bank 2. Citibank 3. HSBC 4. Credit Suisse 5. Barclays 6. Bank of America 7. etc
Which is the oldest foreign bank in India?
ABN-AMRO Bank
What is the swift code for State bank of india?
Swift code for Bank Transfer of Money from NatWest account to an account in State Bank of India
Is The Royal Bank of Scotland Scheduled Foreign Bank in India?
Yes. Royal Bank of Scotland is a Scheduled Foreign Bank in India that is approved by the RBI to provide banking services in India. It is a comparatively new bank with only a few branches in India because it is still growing
What is foreign bank in India?
A foreign bank is one that has its headquarters established in a country that is outside India and has obtained the permission from Reserve Bank of India to carry out banking operations inside India. Some of the foreign banks that have branches in India are: a. ABN AMRO b. Bank of America c. Bank of Ceylon d. Barclays Bank e. Citibank f. HSBC g. Standard Chartered Bank h. Deutsche Bank i. Royal Bank of Scotland
What are the Advantages and disadvantages of a foreign bank in India to an Indian investor?
advantages & disadvantages of foreign banks in India
How can money be transferred from a Nigeria bank account to a foreign account?
yes
How do you get access to a foreign bank account when person is deceased?
File for probate in the country where the bank account is held.
