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Banking in India

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Banking in India

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Recent forum posts

 

  1. Starting a new business in India

    I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make

    Total Posts: 9 Last post by Mohammed020

  2. starting a business

    Hi There!I was looking to bring in a skincare range from America to sell in UK, what legal procedures do I need to abide by? ie. licensinglaws, testing etc

    Total Posts: 6 Last post by Jpm

Banking in India

Banking in India has changed considerably in the past decade. Just about every international bank has a presence now in India. As in the UK, you can choose a different account for different purposes, but the most common forms are the UK-equivalent of current and savings accounts. Cash machines are available throughout the country.

To open a bank account in India, you will be required to provide the following documentation:

  • Valid Passport
  • Valid Visa
  • Employer's Certificate or approval from the Reserve Bank of India if self-employed

 

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