|
The bank through its 87 FX designated branches offers foreign exchange related
services to the public. The accounts like RFC (Resident Foreign Currency)
(domestic) Accounts can be opened and maintained at these branches by the
resident public denominated in foreign currencies. These branches accept
foreign currency denominated deposits - FCNR (B) deposits in Dollar, Euro and
Pound Sterling from the NRI customers. The residents can make FX transactions
in accordance with FEMA guidelines with these branches. Conversion of Foreign
Currency Drafts, Letters of Credit, Export/Import Financing, Foreign Currency
remittances, Collection of Overseas instruments etc. are some of the additional
services offered at these designated branches. To enable faster remittance
facility to the NRI customers of exchange companies managed by our bank
Syndicat-e-Remit, Syndicat-e-Draft, MT Scheme are implemented.
|