Relates to:
...
About http://www.psbindia.com/faqs.php:
...
Description:
--> e width=780 border=0 cellspacing=0 cellpadding=6 border=0 bgcolor=ffffff> FAQs Q.1 How can a Non Resident Indian Account be opened by an NRI? N.R. Accounts can be opened by an NRI after completing the prescribed account opening form. The form could be countersigned / introduced by a person known to the bank/ Indian Embassy/ Indian High Commission/ Notary Public in the country of residence of the account holder. Q.2 Are NRIs permitted to maintain accounts in rupees or in foreign currency? Accounts can be maintained by NRIs either in rupees or in foreign currency. Q.3 What are the types of rupee accounts permitted to be maintained? Two types of rupee accounts. viz. Non Resident (External) Rupee Accounts (NRE accounts), Ordinary Non Resident Rupee Accounts (NRO accounts) permitted to be maintained. Q.4 Can these accounts be opened by an authorised dealer/ authorised bank without the prior permission of Reserve Bank? Yes. Funds for opening of or credit to NRE...