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  • Non-Resident External Rupee Account

    Non-Resident External Rupee Account

    -> Permitted Currency – Indian Currency -> Deduction of Tax at Source – Fully Exempted -> Eligible to Open Account 1. National Resident Indian (NRI) and Person of Indian Origin (PIO) 2. Students gone abroad for higher study and continuing to stay there 3. Indians who are on deputation in abroad by Central or State…

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  • BCSBI (THE BANKING CODES AND STANDARDS BOARD OF INDIA)

    BCSBI (THE BANKING CODES AND STANDARDS BOARD OF INDIA)

    Important Facts About BCSBI –   1. Registered in 2014 as a separate society under Society Registration Act, 1860 2. Registered Office – Mumbai 3. Open to all scheduled commercial banks on voluntary basis 4. Applicable to RRB also 5. Managed by Governing Council consisting of not more than 6 members (3 from RBI , 2…

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