0
How do you make transaction foreign money to State Bank of India?
Wiki User
∙ 13y ago
- Visit the bank
- Request the customer care officer that you need to make a foreign currency transaction
- The bank will ask for proof that you either earned an income in foreign currency or are in need of foreign currency due to a legitimate reason
- They will ask you to fill up some forms
- Once done, you will be able to transact in foreign currency.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is it possible to make transaction foreign money through Axis Bank of India?
Yes. Axis Bank in India deals with foreign currency transactions. You can both deposit and withdraw currencies that are not the Indian Rupee. All you need is proof that you either earned an income in foreign currency or are in need of foreign currency due to a legitimate reason. Let us say you are going for a trip to USA and need dollars, you can deposit rupees with the bank and ask them to issue you US dollars which they will do so.
How do you transfer money from Dubai to India using nre account i have Indian bank nre account in India?
You need to contact your bank who will advice you on how you will be able to make this transaction.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
How does a cash transaction differ from a credit transaction?
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
Which state is having highest black money in India?
andhrapradesh
What is the Difference between Commerce and Trade?
Commerce refers to large scale business activity, while trade describes commercial traffic within a state or a communityTrade is the transaction of products through money and commerce is related with the study of transaction of money
What is a debt -for nature swap?
Debt for nature swap is a transaction in foreign exchange which debt owed by a developing country is transferred to another organization. This swap in done in money.
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
How old do you have to be to receive money form western union?
You have to be at least 18 years of age(on the date of transaction) to receive cross border inward remittance in India.
Shall we use ifsc code for sending money from foreign country to India if the branch doesnt have the swift code?
yes
Is foreign exchange regarded as a transaction in the money market?
Yes apparently its true but at the same time you can trade metal, oil, and food items etc. Its depends on the market where you are trading in the globe.
What is a solicited transaction?
it is any activity of transaction that involves money between two people
