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NRI Banking Project Overview

This document is a project on NRI Banking presented by Bhute Tejaswi Nandkishor. It contains an introduction to NRI banking that defines who an NRI is and discusses PIO cards, OCB accounts, types of NRI accounts and how to open an NRI account. It also outlines the services offered by banks to NRIs like ICICI Bank and discusses RBI guidelines for money transfers as NRIs. Furthermore, it covers NRI investments and obtaining a PAN card as an NRI.

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Rupal Rohan Dalal
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332 views5 pages

NRI Banking Project Overview

This document is a project on NRI Banking presented by Bhute Tejaswi Nandkishor. It contains an introduction to NRI banking that defines who an NRI is and discusses PIO cards, OCB accounts, types of NRI accounts and how to open an NRI account. It also outlines the services offered by banks to NRIs like ICICI Bank and discusses RBI guidelines for money transfers as NRIs. Furthermore, it covers NRI investments and obtaining a PAN card as an NRI.

Uploaded by

Rupal Rohan Dalal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

PROJECT ON

“NRI BANKING”

PRESENTED BY
BHUTE TEJASWI NANDKISHOR

ROLL NO-09

[Link] (BANKING & INSURANCE)


SEMESTER-V YEAR 2017-2018

UNDER THE GUIDENCE OF

[Link] PATEL

SUBMITTED TO

SHAILENDRA EDUCATION SOCIETY’S

ARTS, SCIENCE, COMMERCE COLLEGE

DAHISAR (EAST), MUMBAI-400068

(NAAC ACCREDITATED B+ GRADE WITH SCORE 2.82)

(AFFILATED TO UNIVERSITY OF MUMBAI)


ACKNOWLEDGEMENT

Any accomplished required the effort of many people and this project is not different.

Regardless of the source, I wish to express my gratitudeto all those whom may have
contributed to this work, even anonymously.

I would acknowledge my heartfelt gratitude to Prof. Rupal Patelfor her kind co-operation in
this project at all stages, her constant support, encouragement and guidance without which
successful competition of this project would have been impossible.

My heartily thanks to Dr. Bhavika Karkerathe coordinator and other faculties, who have
right from the beginnings encourage me to do the project well.

INDEX
CHAPTER NO TOPIC NAME PAGE
NO
1  INTRODUCTION ON NRI 1-13
BANKING:-
 Who is an Nri?
 Pio card scheme
 What is an OCB?
 Key benefits
 Types of accounts
 Opening of NRI A/c
2  DEFINITION :- 14-18
 Definition of NRI – under Foreign
Exchange Management Act, 1999
 Definition of PIO

3  DEPOSITORY’S SCHEME FOR 19-29


NRI’S:-
 NRE A/c
 Types of Accounts
 FCNR A/c
 NRO A/c
 Tax benefits for NRI’s
4  SERVICES OFFERED BY 30-33
VARIOUS BANK TO NRI’S:-
 Banking Services
 Services offered by ICICI Bank
 Facility available as per RBI/FEMA
guidelines
5 RBI ISSUES GUIDELINES FOR 34-36
MONEY TRANSFER SCHEME :-
 Money transfer
 International SWIFT transfer
 Demand (or bankers) draft
 UAE Exchange
 Western union Money Transfer
 Send wise
 MoneyGram and send money online
today
 ICICI & HDFC bank NRI money
transfer

6-7 NRI INVESTMENTS:- 37-39


 Rules for acquisition 7 transfer by
foreign citizen NRI’s
 Mode of payment
 Repatriation of sale proceeds

8 PAN CARD FOR NRIs:- 40-44


 Applying for pan card, necessity for pan
card, charges of pan card
 Demat a/c

 CONCLUSION 45
 BIBLIOGRAPHY 46

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