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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.
What else can I help you with?
What are the Advantages and disadvantages of a foreign bank in India to an Indian investor?
advantages & disadvantages of foreign banks in India
Is city bank is a scheduled bank?
Yes. Citibank is a Scheduled foreign bank in India that is approved by the RBI to provide banking services in India. It is one of the largest foreign banks in India in terms of branches and ATMs and has branches in all major cities in 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 Utr Number of Sbi?
The UTR (Unique Transaction Reference) number of SBI (State Bank of India) is a unique identifier assigned to each transaction processed through the bank. It helps in tracking and referencing specific transactions, whether they are fund transfers, payments, or other banking activities. The UTR number is typically generated for electronic transactions like NEFT, RTGS, and IMPS, and can be found on the transaction confirmation message or receipt.
How can I sell my house in India and bring the money to the USA?
To sell your house in India and bring the money to the USA, you will need to follow these steps: Find a buyer for your house in India and complete the sale transaction. Transfer the sale proceeds to your Indian bank account. Convert the Indian rupees to US dollars through a reputable foreign exchange service. Transfer the converted funds to your US bank account through a wire transfer or other secure method. Be aware of any tax implications or regulations related to transferring large sums of money between countries. It is recommended to consult with a financial advisor or legal expert to ensure a smooth and compliant transfer of funds.
Is it possible for a foreign national to reside in India?
Yes
India earns the maximum foreign exchange through export of?
Tea
How do you make transaction foreign money to State Bank of India?
Visit the bankRequest the customer care officer that you need to make a foreign currency transactionThe 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 reasonThey will ask you to fill up some formsOnce done, you will be able to transact in foreign currency.
How do you locate someone in India through name and date of birth?
not possible.
Definition of foreign trade in India?
oh it is very simple just go through the book you will automatically get the answer.
Is there any tax liability on transfer of dollores from USA to India the tax was paid in USA at the time of earning?
If the $ transferred is after-tax $, then there is no tax liability. However, banks in India will require a currency declaration form for amount 5000 USD and above. I think the limit is 10,000 USD and above in case of travelers checks. Best place to check is website of banks like State Bank of India, Citibank, ICICI Bank etc. India charges a foreign conversion fee and a service tax for each transaction. This is automatically calculated and deducted from the transaction amount by the bank involved in transaction.
What are the Advantages and disadvantages of a foreign bank in India to an Indian investor?
advantages & disadvantages of foreign banks in India
Where is the Transaction code in Demand Draft?
As per Reserve Bank Of India Transaction Authorisation Code in respect of a Demand Draft is 16.
With which country has India got the maximum amount of foreign trade?
India has the maximum amount of foreign trade with China.
What has the author J N Dixit written?
J. N. Dixit has written: 'Assignment Colombo' 'India's Foreign Policy Challenge of Terrorism' 'India and regional developments' -- subject(s): Foreign relations 'An Afghan diary' -- subject(s): Foreign relations, Diaries, Politics and government, Foreign ministers 'Makers of India's foreign policy' -- subject(s): Foreign relations 'Assignment Colombo' -- subject(s): Foreign relations, India, India. 1987 July 29, Politics and government 'Liberation and beyond' -- subject(s): Foreign relations, History
How do you buy foreign lotteries from India?
You can buy foreign lottery tickets from lottery agents like, 'the lottery', 'online lotto shop' etc. But legally speaking, buying foreign lotteries through whatever means is illegal in India. Although there is no specific laws in regard to this, the FEMA rules prohibits remittance through gambling activities. Thus your winning can't be transferred to you through any legal channel. if you do illegal channel, the chance of getting caught is very high.
Is it possibility to receive foreign money through State Bank of India?
Yes it is possible. 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.
