BANKING GENERAL KNOWLEDGE
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Question
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HDFC Bank
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Bank of Baroda
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State Bank of India
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IDBI Bank
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Detailed explanation-1: -IDBI Bank has launched ‘NRI-Insta-Online’ account opening process for NRIs residing in Financial Action Task Force (FATF) member countries, it said in a release.
Detailed explanation-2: -Here are the types of bank accounts an NRI can open in India: Non-Resident (External) Rupee Account (NRE account) Non-Resident (Ordinary) Rupee Account (NRO account) Foreign Currency (Non-Resident) Account (FCNR account)
Detailed explanation-3: -Accounts can be opened by remittances from abroad, deposit of foreign exchange brought into India, transfer from existing self NRE/FCNR accounts. Accounts can be opened jointly with any other Non-Resident Indian / Residents who are close relatives (as defined in Section 6 of the Companies Act 1956) of the NRI.