BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Copy of passport
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Copy of Visa
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Latest Overseas bank statement in original, latest overseastelephone/electricity bill in original as residential proof
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KYC for identification in India
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Only 1, 2 and 3
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Detailed explanation-1: -ID Proof-Copy of Permanent Account Number (PAN)/ Form 60 (in absence of PAN) Proof of NRI Status-Copy of valid visa/ work permit / Overseas Resident Card. Address Proof-The address on the document must be the same as the address mentioned in the application form.
Detailed explanation-2: -2. Can an NRI maintain multiple accounts with different banks in India, simultaneously ? Ans.: Yes, there is no prohibition to open and maintain multiple accounts a/cs.
Detailed explanation-3: -Non-Resident (External) Rupee Account (NRE account): A Non-Resident (External) Rupee Account (NRE Account) is a rupee-denominated bank account that can be in the form of a Savings Account, Current Account, Recurring Deposit Account, or Fixed Deposit Account. It can open by an NRI by remitting the funds.
Detailed explanation-4: –An NRE is a Non-Resident (External) Rupee account. It permits for money transfer services from outside India, and the entire amount in the account is also repatriable back to the country where the NRI stays currently. Income earned in this account is exempt from taxation.