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According to RBI notification(Circular No. 64 ) dated Feb 04, 2004, under the Liberalized Remittance Scheme, resident individuals (an Indian) can open, maintain and hold foreign currency accounts in banks outside the country and transfer up to $100,000 (about Rs 41 lakh) a year in them without prior approval of the Reserve Bank. The amount deposited in foreign bank accounts may be utilized to invest in mutual funds, venture funds, unrated debt securities, promissory notes and shares under the scheme. Under LRS, an individual will have to quote his or her PAN to avail the benefit of the scheme. Get in touch with any of the commercial banks in India also operating in the city/location in USA where you wish to have a bank account. The bank will help you complete the formalities and open an account in USA. You can also apply for the international credit cards (ICCs), once you will have an account with the foreign bank .
Wiki User
∙ 7y ago
Wiki User
∙ 15y agoCitibank Remittance is an ideal way i guess, its safe, its fast, its reliable. and its NEW as well! for more details : citibank.co.in. also see this video , i think its simply too good! eee.keepapromise.in
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How do you open a bank account if you don't have identification?
Step 1: get identification. In the US, banks are now more or less required to have new customers prove their identity before they can open an account.
Can the police freeze your bank account for a minor hit and run?
No. In the US the police cannot freeze your bank account. That would require a court order.No. In the US the police cannot freeze your bank account. That would require a court order.No. In the US the police cannot freeze your bank account. That would require a court order.No. In the US the police cannot freeze your bank account. That would require a court order.
Can State bank of India ATM debit card be useful in US for shopping etc?
can state bank of india atm debit card be useful in USA for shopping etc
Slogan of icici bank?
Bank of Baroda's Slogan is "India's International Bank". Bank of Baroda has more than 3000 branches and has more than 1100 ATMs presently. They are also planning to open more than 400 branches this year and an equivalent number of ATMs too. They are the third largest bank in India behind State Bank of India and Punjab National Bank.
What is the todays US Dollar currency selling rate in India?
The rate will vary from bank to bank or money changer. As of 16Oct09, the interbank rate was 42.25 but expect to give up a few more rupees than that for a US Dollar.
Can a us citizen open an Indian bank account?
It depends: 1. If the person is on an official trip to India and will be earning an income while his stay in India then - Yes he can open an account with any Bank in India. 2. if the person is on a personal/tourist trip to India and will not be earning any income during his stay here in India then - No, he cannot open an account with any Bank in India.
How do I open US Bank account?
To open a US Bank account, you either need to be a Citizen of USA or someone who runs a business in USA or someone who earns an income in USA. If you do not fall under either of these 3 categories, then you will not be able to open a US bank account. To open a bank account, you need identity proof, address proof and Social Security Number.
Can you open a NRE account from US to India?
yes
Can a US citizen open a bank account with bank of the Philippine islands?
yes
Can a US citizen open a bank account in UK?
if it is the same bank, yes
Can a US citizen open a bank account in Australia?
yes they can open it if they comited to live there.
Can you open a bank account in US using internet?
No go in the branch.
An a foriener open a bank account in the us?
why would you think he or she couldn't
How do you register more than one account in us bank?
You go to bank and open another account like you did the first time.
How do you register more than one account us bank?
You go to bank and open another account like you did the first time.
What all documents required to open a Joint Bank Account in the US?
There are several documents that are required to open a joint bank account in the US. Both parties will need a photo ID, social security numbers, address in the US, etc.
What banks in the US allow customers to open an online bank account?
Most large banks in the US allow customers to open an online bank account. For instance, Lloyds, Citizensbank, Bank of America and Citibank. These accounts often provide eBanking functionality.
